- Rules Engine determines approval and routing at the individual item level.
- Approver can be given authority to modify matter/project numbers and amounts.
- Configurable screens, terminology, and language.
- Online inquiry and reporting.
If you're responsible for recruiting, HR, IT, or running an office, Chrome River Expense can help increase visibility into your operation and improve the accuracy of your financial reports. Chrome River's Rules Engine can enforce travel and approval policies on an item-by-item basis. For example, if you're the recruiting manager for a law firm, you may want to review the entire expense report for all your direct reports. For anyone else in the firm, you would like to review the transactions that will hit your budget accounts. If a lawyer has an expense report with recruiting entries, those entries will go to you for approval while the rest of their transactions can move through the process independently.
What if you see that a transaction is charged to the wrong matter/engagement (and therefore the wrong general ledger account)? The lawyer charged the trip to the general recruiting account; you know that it should have been charged to the "Recruiting - Laterals" account. With Chrome River you can be given the authority to correct the information without sending it back to the originator. Instead of waiting till the end of the month to re-classify and correct your budget accounts, you can now be confident that transactions are flowing correctly to the financial system. Perhaps for significant expenses, you would like to require pre-approval. Chrome River allows you to define pre-approval workflows and then match the Approval to the actual transactions. You will have visibility into the operation of your organization in near real-time.
If you run an office, Chrome River can be set up to meet your unique requirements (VAT handling, language, terminology, etc.). Your office can have its own screen definitions and business processes. Do you pay some of your professionals in more than one currency? Do you need to keep original copies of backup documentation locally? Chrome River can handle your requirements.
