TRANSFARE is a comprehensive web-based solution that completely automates and manages travel and expense claims. Not only has TRANSFARE simplified the process of claiming expenses for thousands of users, it has also reduced administration, providing informative management reports for many organisations. TRANSFARE has been specifically designed for organisations that currently have manual (i.e. paper-based) systems or only partially computerised expense processing systems.
TRANSFARE provides the ability to capture organisation-wide travel expense data for faster payment, less administration overheads and detailed real time management analysis to control costs.
Key Features of TRANSFARE:
- Online claim entry
- Online Authorisation
- Automatic Calculation
- Full Management Reporting
- Integrates with any Back Office System
- Standard journeys remove mileage variation on commonly travelled routes
- Facilitates corporate credit card reconciliation
- Compliance and supplied with statutory mileage/subsistence rules/rates
A survey of 50 companies of varying size, from a wide range of sectors, suggests that using an Expense Management Automation Solution delivered the following:
- Employee expense process time reduced by 49%
- Overall cycle time reduced by 79%
- 79% of respondents reported administrative savings
- Accounts payable process time reduced by 77%
- Overall cost to process an expense reduced by 63%
(Aberdeen Group)