Reduce expense processing time
Reduce Processing Time
Automate expense reviews, approvals, and audit
Why Settle for the Status Quo?
Improving you expense processing might not be top of your priority list, especially if you’ve got a system in place that covers the basics. But software that requires manual input and review just won't scale, no matter how many people you hire.
The Real Costs of Inefficient Expense Processing:
Time-consuming manual processing and reconciliation defer higher-priority work
Slow monthly close times mean delayed data to management for review and action
Manual reviews and audits increase the potential for error and lack of compliance
Fraud, waste, and abuse may go undetected
Tedious busywork and repetitive monthly close deadlines can cause low team morale or burnout
Streamlining Expense Operations with Center SpendOps
The Center SpendOps Suite streamlines the entire expense process, from the time of purchase through posting to the GL.
Real-time, transaction-level data runs through AI-powered Continuous Audit, which flags out-of-policy expenses. Export with one click.
You'll reduce the time spent on manual reviews, audits, accruals, line-item coding, and monthly close.
Simplify P-Card Accounting
When you replace shared p-cards with CenterCard® Visa® Business Debit, spenders capture receipts and other expense data in the CenterCard mobile app at the time of purchase.
You gather information about departmental spending as it happens, so you know who made the purchase, for what purpose, and for which department.
Late and overdue expense reports create extra work for finance teams in the form of accruals and reversals.
When you track real-time data in Center SpendOps, you can close the books quickly, with minimal accruals. Plus the software detects any changes to expenses after export, so you can adjust entries quickly.
Improve Accounting Accuracy
Employees often use the wrong category for expenses. Although hard to find, fixing incorrect coding is important to avoid inaccurate accounting in the GL.
Center’s software predicts the expense type category at the time of purchase and learns from manual changes to improve matches.
Monitor every expense to ensure to ensure compliant, in-policy spend.
Adjust entries in the GL easily with automated change tracking.
Create custom policy flags to identify and review specific types of spend.
Streamline review with custom approval workflows, including auto-approval.
Export expenses to the GL, including unsubmitted transactions.
Messaging and Notifications
Send messages directly to employees and managers with one click.
Managing expenses shouldn't drag your team down. Better spend operations will automate the process, helping you dramatically decrease time spent on manual review, audit, and reconciliation.
See for yourself how Center SpendOps Suite works to minimize processing time:
CenterCard™ Visa Business Debit Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc., and can be used everywhere Visa debit cards are accepted. Certain fees, terms and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule. If you have any questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 1-870-455-8522.
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