Expenzing Accounts Payable Automation Features At A Glance
We understand the complex financial environment in which companies operate, and our Accounts Payable Software helps finance teams achieve statutory compliance, reduce fraud, control spending, and develop agility.
Your partner to help your organisation comply with the myriad regulatory rules and laws for taxation, TDS, MSME, corporate governance, and several others that CFOs need to deal with.
Depending on the scenario, the system determines GST amounts as well as the accounting entries.
Expenzing’s TDS Management streamlines deductions based on the relevant 194 subsection, saving time and ensuring accuracy.
If some delivery conditions may not be met, or if the GST needs to be withheld, the system, facilitates part payments.
Generates system Credit Notes with DoA approvals and automates TDS adjustments for future invoice offsets.
Monitors MSME invoice statuses, alerts AP teams of payment obligations, provides a comprehensive MSME dashboard overview.
Ensures vendor compliance and minimises organisation’s vendor-related risks through performing 10+ systematic checks.
Ensures vendors undergo rigorous compliance checks and checklists, ensuring heightened statutory compliance and internal audit readiness.
From leakages due to inefficiency to large scale malicious fraud attacks, Expenzing APA is your diligent watchdog. Suspect invoices are identified before it is too late and approval processes are enforced as per the Delegation of Authority rules.
Our design philosophy is to reduce bad spending and facilitate good spending. How do we achieve this? By a combination of modules and features offering the very best practices in spend management.
Checks vendor status, advances, invoice nature, MSME status, and more.
Prevents budget overruns by tracking granular utilisation versus availability and brings all spend ‘under management’ with Budgets.
Gains invaluable overview reports guiding management to identify abnormal business units or spending categories.
Business needs to keep on changing, more so in the post COVID era. Process changes need to respond quickly to the new asks from business. One constant business demand is that of reducing TAT. Expenzing APA is your partner for agility and speed.
Automated Checking of Invoice against, PO Rate Contracts
No Manual Data Entry of Invoice
System based Query Minimizes Follow up
Supplier follow up is reduced
Automated Accounting Entries
Automatic Checking of Supplier Information
MIS Reports including provisioning automatically generated
Automatic Handling of Recurring invoices from Branches
Schedule a Demo
