Nexstep|
TnE can help you in:
-
Saving 10-15% of your
indirect costs b reducing inflated claims
-
Saving 10-20% of your
Expenses by enforcing entitlements and policies
-
Getting 20-25% of your savings
through lower rates from your suppliers
-
Saving 50-80% of your
processing time
Key benefits are:
1.
Reduce Cost of Processing
Your
team time and costs will not go up, as your work increases. Time wasted
in
coordination and payments disbursements will reduce with T&E automation.
Currently your team wastes time
in tasks which can instead get automated.
For example, your team costs for
answering queries, following up vouchers,
searching for information, preparing
MIS, making accounting entries, verifying
vouchers for entitlements, etc can get
saved.
2.
Expense Reduction
When
there is a policeman around the corner, the tendency to break rules reduces!
Similarly inflated expenses and frauds reduce with an Expense Management
Automation (EMA) Solution.
Smarter purchasing with visibility on spend patterns
further reduces
expenses. Once you gave visibility on spends in different
categories, you can
bring down expenses in these through better purchasing
terms.
3.
Readiness for Scale-Up and Compliance
Your organisation is gearing up for high growth. Is your
team prepared for
tighter norms for process standardization and compliance?
Nexstep|
TnE enables
the Finance team to handle a significantly higher scale
of operations with
better enforcement of compliance norms. For example,
Nexstep|
TnE helps in compliance with Sarbanes-Oxley
norms. It helps with
defining your Expense Policy as well as monitoring
compliance of the same.
4.
Increase Employee Productivity
Employees will not waste
time in tracking which expenses they have claimed,
and which they have yet to.
Time spent on follow-ups will be now deployed on
productive work.
5.
Vendor Relations
Alignment on payment
terms, payment approval, and time to pay will ensure
better relations with
vendors.
You will have a better reputation
in the marketplace for payment processing.
