Product Overview of Expend
Expend is a comprehensive, cloud-based expense reporting and management solution designed to streamline and simplify the process of tracking, managing, and controlling business expenses for companies of all sizes and across various industries.
Key Functionality
- Expense Tracking and Reporting: Expend allows users to capture receipts, submit expense claims, and track spending in real-time. The platform is equipped with a mobile app that enables employees to upload receipts and submit expenses on the go, significantly reducing the time and effort required for expense reconciliation.
Key Features
- Budget-Controlled Expense Cards: Expend offers budget-controlled expense cards that can be issued to dedicated teams or individuals, allowing for precise management of company spending. These cards integrate seamlessly with the Expend system, providing real-time transaction data.
- Card Connect: This feature allows for the integration of other payment methods, including business bank cards on the Visa network. Card Connect eliminates the need for manual review of credit or debit card statements, ensuring accurate and timely expense reporting.
- Mileage Reporting: The platform includes tools for tracking business mileage using HMRC fuel rates, making it easier to manage and report on travel expenses.
- Invoice and Receipt Management: Expend uses Optical Character Recognition (OCR) technology to automatically extract essential information from invoices and receipts, minimizing manual data entry. Invoices can be seamlessly uploaded through the mobile app, web dashboard, or a dedicated email channel.
- Integration with Xero: Expend boasts a robust integration with Xero, allowing for real-time and continuous syncing of expense data. This integration ensures that all transactions are automatically reflected in Xero, with customizable categories and project numbers to suit specific business needs.
- Mobile App: The Expend mobile app is designed for ease of use, featuring a fresh and simplified layout. It includes a faster receipt scanning tool, the ability to submit, edit, and review expense claims, and manage connected business cards on the go.
- Customer Support: Expend is known for its excellent customer support, providing responsive and helpful assistance to users. This includes handy video guides and live support to help with setup and any queries.
Benefits
- Efficient Expense Management: Expend simplifies the expense management process, reducing the time spent on chasing missing receipts and compiling data.
- Real-Time Insights: The platform provides real-time spending insights, enabling better financial control and decision-making.
- Customizable Budget Controls: Businesses can set and manage budgets effectively using the budget-controlled expense cards.
- Seamless Integration: The integration with Xero and other payment methods ensures a streamlined financial management process.
Overall, Expend is an all-in-one expense management solution that empowers businesses to efficiently control employee spending, track expenses, and manage invoices and receipts, all while integrating seamlessly with existing accounting systems like Xero.