- Infinitely flexible rules engine based on decision tables.
- Pre-approval process. Match final report to the authorization.
- Approval processing by expense item. Separate rules by types of expenses and types of engagements.
- Reporting and analytics.
As a group leader one of your biggest challenges is simply knowing what is happening in your business. How is your budget money being spent? Are people spending their time and money in line with your objectives? Let's call this problem visibility. How do you see into the organization so that you can respond and guide it in a timely manner? Chrome River Expense can help. Much of your controllable expense flows through the travel and expense reimbursement process. By intelligently monitoring this process, you are watching your business in near real-time. Chrome River allows you to determine which expenses should be routed to you for approval. Choose by matter/project, by professional, by category, by amount; our Rules Engine allows infinite flexibility. You can review business development charges; approve recruiting expenses; or monitor the cost of meetings and retreats.
Why wait for financial statements at the end of the month-only to ask to see the detailed transactions? Visibility means understanding your business as it is happening. Controlling the approval process is the perfect tool for helping you understand your portion of the firm's business.
With Chrome River your approvals need not slow down billable transactions; expense items are routed independently even if they are one report. You can let billable work flow straight through to the pre-bill while you separately monitor your non-billable expenses. And if you're experiencing miscoded transactions, you can catch the errors before they ever hit the financial statement (and your budget).
Can you imagine a major corporation running its business without purchase orders? In your group you should surely be approving significant expenses before the money is spent. Chrome River Expense manages the pre-approval process for you. If you are attempting to manage this process by email conversation, you know how it can quickly lead to chaos. Let Chrome River organize, report and ultimately ensure compliance to your pre-approval policies.
