Income/expense management software is a streamlined internet system for approving, submitting, managing and reporting on company expenses. It is designed to offer a seamless flow of data, increase the visibility of expenditure, accelerate the expenses process and improve expenses compliance.
How does it work?
Ten Angle Technology income/expense management program provides you ultimate control over business expenses. Workers can input online claims, upload receipts and submit claims for approval in a matter of minutes. The verification process is simple. Managers are mechanically notified of submitted claims and can reject or approve expense claims at the click of a button.
Income/Expense management system delivers the following advantages
- Fully internet based – no program to maintain or install
- Simply manage employee expenses with reimbursement policy, expense categories, and general ledger dimensions
- With a perfect user interface with amazing usability, this program makes it simple to track expenses, receipts, and expense reports.
- Users simply make expense reports from receipts and expenses saved in My Expenses.
- Locked or flexible approval workflow, including approval limits and unique approval rules for specific expense categories
- Line item receipts, travel policy enforcement, extensive reporting, and line item expense approval
- Delegate user access permits an assistant to submit, create or approve expense reports on behalf of others
- Better employee compliance with spending policies
- Simple integration with general ledger systems and account payable
- Reduced labor needed to process documents
- Reduced employee time spent on expense reporting, travel planning, time capture
- Lower administrative costs
- Increased paid time off due workers
- Features of Income/Expenses Management system
- Drive more-effective expense policies
- Gain true-time visibility into employee spend through the expense management dashboard
- Optimize spend policies negotiating with vendors on business travel discounts and rates
- Configure practical spend controls including budget checking and spend authorizations
Simplify expense/revenue management
Ten Angle Technology permits you to automate your expense/revenue management processes in a single system, making it simple for your people to report expenses and for you to control spending.
- Reduce administrative work by leveraging worker data and security policies already set up in Workday Human Capital Management.
- Leverage the efficiencies of a one settlement engine to manage worker reimbursements
- Simply configure expense approvals and workflows, and make sure that all transactions are recorded for audit transparency.
- Make sure rapid adoption by providing your workforce a consumer-like practice on desktop and mobile.
Mobile and global
Give your employees the freedom to complete the expense reports where and how they want while enabling compliance with domestic policies.
- Manage travel expenses using complex per diems and local allowances
- Capture receipts and submit expense/revenue reports on any gadget
- Load domestic reimbursement rates to comply with business policies.
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