FinTech

Automating expense management process

About

The Customer reached out to us to help them maintain and improve their existing software for managing expenses, receipts, and reports.

Project Overview

Crunch team of 4–8 developers has contributed to the development of a number of features that support the clients’ expense management needs. Among them are the following:

Expense management and processing:

scanning receipts, uploading receipts from mobile devices or computers to create expenses, submitting recurring expenses, splitting expenses based on category, creating and tracking expenses via WhatsApp, Slack, MS Outlook 365, Gmail, and more.

Cards management:

automatic reconciliation and tracking of card transactions, multiple cards management, integration with various card providers.

Finance operations:

creating custom categories, creating custom exports of the needed expense, creating custom policies on any expense, and more.

Expense approval management:

parallel, sequential, and multi-stage approval workflows, automated reminders to approve pending reports, automated approvals based on defined configurations, and more.

Payments management:

processing ACH payments, monitoring ACH transaction status, exporting reimbursement-related information to a convenient format.

Budgets management:

configuring budgets, setting budget limits, real-time statistics of expense spends against budgets.

Analytics:

spending and risk insights, real-time card spends visibility, centralized analytics on spends against budgets, and more.

The solution can be easily integrated with various software systems, APIs, and banks.

From the security standpoint, the solution complies with all regulations, providing role-based access to sensitive expense data and single-sign on. Also, it provides audit logs, real-time expenses visibility, fraud detection, and currency exchange rates management for the organization.