Expense Management. © 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Manual expense reports can be difficult.

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Presentation transcript:

Expense Management

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Manual expense reports can be difficult to manage… Time-consuming for both travelers and non-travelers to fill out Inconvenient for approvers to review Expenses not reimbursed when receipts lost Reimbursement process takes weeks

…and using spreadsheets can get unwieldy Time consuming to process Prone to errors Expensive to audit Difficult to track costs

Expenses Integrated Expense Management simplifies the process One site for travel, services and expenses Full Integration with the Personal Assistant Single Sign On – no need for multiple passwords or logins Reports are pre-populated with expense details from the Personal Assistant, corporate cards and personal credit/debit cards

Automatically populate expense reports Enforce policy compliance Track booked versus expensed amounts Achieve rapid and total adoption Lower total cost of T&E

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Open Expense Network Committed to an open approach to travel and expense integration Consortium includes Cybershift, Expensewatch, ExpenseWire, Databasics, and SutiSoft Other vendors can be added by linking to our API Choose the expense provider that is best for you

ExpenseWire Integrated Solution

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE ExpenseWire “ExpenseWire, seamlessly integrated with the Rearden Personal Assistant, delivered the spend control and user experience that we were looking for.” “Best in class for the middle markets.” “A clear winner in terms of total value.” “Road Warrior’s best tool for expense reporting.”

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Benefits for the employee Import expenses from corporate cards AND personal credit/debit cards Automatic population of booked travel itinerary information Get reimbursed faster through direct deposit Automatic currency conversion for the date of purchase No more spreadsheets / paper forms

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Benefits for the approver Instant notification via View all reports awaiting approval View extended managers workload Ability to manage by exception View receipts on line Line-item denials One-click approvals No more spreadsheets

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Benefits for accounting Comprehensive control Click-to-pay reimbursement Rapid deployment Elimination of duplicate data entry Dozens of reports and extracts for no extra fees

© 2008 Rearden Commerce. All rights reserved. CONFIDENTIAL & PROPRIETARY TO REARDEN COMMERCE Expect more… Encapsulated best practices Easy and rapid deployment Great user adoption Open ecosystem of services Real customer service

Appendix

© 2008 Rearden Commerce, Inc, All rights reserved. PROPRIETARY TO REARDEN COMMERCE Comparison to Concur For employees and approvers FeatureExpenseWireConcur Full integration with booking tool Intuitive user interface / minimal training needed Link to corporate and personal credit/debit cards NEAT Receipts scanning Real time currency conversion to date of transaction Hover-over view of receipts, violations and user info Approvals from body of View approvals for direct and extended reports on one screen Buddy list to catch employees submitting the same expense Build and save custom reports at no additional charge

© 2008 Rearden Commerce, Inc, All rights reserved. PROPRIETARY TO REARDEN COMMERCE Comparison to Concur For companies FeatureExpenseWireConcur ACH direct deposit Integration with any booking tool Additional fees for real time credit card feeds Additional fees for reporting Additional fees to configure rules and customize fields Additional fees for admins to change or add system functionality