Product Overview of Nexonia
Nexonia, a product of Emburse, is a comprehensive and highly configurable expense management solution designed to streamline and automate the process of tracking, managing, and reimbursing business expenses. Here’s a detailed look at what Nexonia does and its key features.
What Nexonia Does
Nexonia is tailored to simplify and enhance the financial management of organizations by integrating expense reporting, invoice management, time tracking, and travel solutions. It is designed to extend the functionality of existing accounting systems or Enterprise Resource Planning (ERP) software, ensuring seamless and efficient financial operations.
Key Features and Functionality
Mobile Accessibility
Nexonia offers a user-friendly mobile app available on both Apple and Android devices, allowing employees to capture receipts, log expenses, and create reports from anywhere, even offline.
Expense Tracking and Reporting
The platform provides robust expense tracking capabilities, including receipt capture, expense logging, and automated expense reporting. It supports customizable approval workflows that mirror the organization’s existing approval structure, ensuring compliance and control over travel and entertainment (T&E) spend.
Credit Card Integration
Nexonia integrates with over 30,000 worldwide banks, enabling easy reconciliation of credit card transactions for instant visibility into spending. This integration helps in managing card programs and securely importing transaction data directly from banks.
Multi-Currency Support
The system supports 161 worldwide currencies with daily updated exchange rates, simplifying the calculation of foreign transactions and ensuring accurate expense reporting.
Mileage Tracking
Nexonia includes mileage tracking features integrated with Google Maps, allowing for the automatic calculation of mileage with customizable reimbursement rates.
Travel Management
The platform offers comprehensive travel booking and expense management integrations. It includes features like direct vendor content from airlines and rail services, traveler profiles, and push notifications for itinerary changes. This ensures that travel expenses are logged and reimbursed efficiently.
Policy Enforcement and Compliance
Nexonia enforces expense policies automatically through its powerful policy engine, ensuring that all expenses comply with the organization’s rules and regulations. It also includes features like duplicate detection and audit trails to maintain transparency and integrity.
Integrations
The system boasts seamless integrations with various accounting software and ERPs such as NetSuite, Sage Intacct, Intuit QuickBooks, and Xero. These bi-directional, API-based integrations ensure secure and automatic data transfer, enhancing the efficiency of financial operations.
Customizable Workflows and Fields
Nexonia allows for highly configurable workflows and fields, enabling organizations to tailor the system to their specific needs. This includes customizable approval workflows, expense categories, and the ability to add or remove fields based on the organization’s requirements.
Additional Features
Other notable features include per diem management, project tracking, tax management, role-based permissions, and advanced analytics and reporting. The platform also supports multiple languages and offers a user-friendly interface.
Support and Compatibility
Nexonia provides comprehensive customer support through phone, tickets, and training. The platform is compatible with a wide range of businesses, from startups to enterprises, and supports multiple operating systems and devices.
In summary, Nexonia by Emburse is a powerful and flexible expense management solution that automates and streamlines financial processes, ensuring compliance, efficiency, and ease of use for organizations of all sizes.