ERP (enterprise resource planning) it has been the cornerstone of various small, medium and large companies for many years. ERP acts as the aggregate ledger platform of choice for businesses, but some may agree that its flexibility is questionable.

Top 3 challenges with ERP:

• High-value purchases and expenses related to IT, marketing, HR services, legal fees, utilities, and regular expenses like annual maintenance contracts are done outside of the ERP system. There is limited or no control over spending at the branch or department level. The Delegation of Authorization and Corporate Policies are questioned, exposing the company to risk.
• ERPs are not feasibly built for every employee in the organization to log in to request, approve, or obtain information. They are designed to record post-facto transactions and process them for P&L. The cost for just each licensed user would be too high.
• Purchases made outside of the ERP account for a significant percentage of SG&A and the time spent managing purchases and payments is enormous due to the number of transactions. Manual data entries are required to integrate with the ERP. These expenses are managed with their own system, spreadsheets, email or, even worse, paper receipts. The accounting and finance operation remains tactical at best.

Expenzing takes you further than conventional ERP

Expenzing is an expert in Expense Management including: Expense Management, Travel Expense Management and Buy to Pay software which adds immense supremacy to existing ERP system. We help you beyond the limitations of your ERP, with an automated system that brings your stakeholders together on a single platform.

• Purchase Orders (POs) can be completed in minutes, from deciding which supplier, to generating the purchase order online and submitting it to the supplier.
• Expense invoice management software offers tight control of the invoice due diligence process. Our best-in-class automated due diligence with Invoice Scrutinizer ensures you’ll never lose money to incorrect payments.
• Expense management software allows approvers to receive email approvals knowing that process checklists have been verified before invoices arrive on their desk.
• Get MIS reports, analysis of spending areas to improve or negotiate with suppliers.

No matter what industry you’re in – insurance, finance, projects, media, engineering, healthcare, manufacturing – our financial control and expense management solutions help businesses save a lot of time and cost by better managing their procurement, employee travel and expenses, and complements your existing ERP. To summarize, ERP is the core of the business for many years, but it requires the right augmentation, Expenzing provides just that, adding great value to your business.