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WebExpenses delivers cost savings in a number of areas across an organisation:
- Process cost savings − By capturing data at source ‚ there are significant cost savings at each step of the process: For employees in compiling and sending ‚ line managers in approving and accounts staff in processing expenses.
- Reduced travel and entertainment costs − The introduction of WebExpenses increases control and provides transparency over the expenses process and as a result ‚ encourages employees to police their own expenses claims.
- Improved tax compliance − WebExpenses complies with Inland Revenue requirements while the reports functionality allows management to produce VAT,P11D and other tax-related reports by country.
- Client recharging and supplier negotiations − All the expense items associated with a client/project can be easily reported on and exported to Excel ‚ allowing for easy recharging ‚ while reports can be used to analyse spend by supplier ‚ allowing for the negotiation of supplier discounts
- Integration − WebExpenses offers a number of tools that allow for easy integration to your accounting software and other solutions.
Following an implementation of WebExpenses ‚ a customer can expect to achieve:
- An annual return on investment of over 450%.
- A payback period of only 2 months.
These benefits are outlined in more detail on the Benefits page ‚ while the cost savings are outlined in the ROI calculator. Note however that this analysis does not take account of benefits related to tax compliance ‚ client/project recharging and supplier negotiations.
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