Expense and Payment Management
Streamline your expense management and payment reporting processes.
Utilize Automation to Reduce Operational Costs and Uncover Insights
Imagine a world where managing expenses and overseeing payment reports is not just simplified, but transformed into a strategic advantage for your organization. With SolveXia, you can have a streamlined process that not only enhances efficiency but also empowers you with real-time insights and analytics, allowing for smarter financial decisions. Turn tedious tasks into opportunities for cost savings and financial optimization.
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Automate Your Expense and Payment Analysis
SolveXia is the ideal tool for expense analysis. Our business-led data management platform can easily combine and prepare data from your ERP and other systems, and produce and share personalized analytics in minutes.
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Streamlined and Automated
Faster Decision-Making
Business Outcomes
- Increased efficiency with more accurate expense analysis performed in just minutes instead of days.
- Engaged staff that can reallocate their time to more challenging and value-added work.
- Faster decision-making as SolveXia’s workflow capabilities distribute relevant information to the right people.
- Improved insights that facilitate cost reductions.
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Tedious and Time-Consuming Reporting
Lag in Business Processes
Time-Consuming and Slow-Moving
- Significant amount of time and effort required to complete reporting across multiple data sources.
- Unmotivated and bored staff members completing manual, spreadsheet-based processes.
- Delay in responses and decisions resulting from complexities with approval workflows.
- Difficult to identify cost savings.
Improve Your Expense and Payment Management
Download Data Sheet
Tailored Expense & Payment Management Solutions
Fast and Simple Data Consolidation
SolveXia provides expense analysis solutions that are fast and easy to deploy. This includes a rich library of ready-to-go building blocks to collect and transform any data into interactive dashboards for payments, committed spend and credit card expenses.
Proactive Stakeholder Engagement
Intelligent alerting capabilities that helps your organisation stay on top of your spend and better manage cash flow, while providing a convenient stream of insights and analysis for decision makers such as managers and cost center heads.
Seamless Integration With Your Business
SolveXia can harness the power of your existing applications and data and integrate directly with you resources such as your ERP.
With SolveXia
Our Work
Pharmaceuticals - Committed Spend Reporting
One of the top 15 pharmaceutical companies in the world used SolveXia to resolve its committed spend reporting problem.
Private Equity - Expense Analysis
A US based private equity firm used SolveXia to solve its expense analysis problem, resulting in an 80% reduction in manual effort.
Airline - Distribution Cost Analytics
An international airline company used SolveXia's automated solution to fix its distribution cost analytics complication.
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Discover Our Full Range of Solutions
In addition to transforming expense analysis, we drive efficiencies and optimization for other critical finance processes. SolveXia delivers unlimited extensibility by integrating any type of data (internal and external, financial and non-financial) to minimize the total cost of ownership. There are over 250 unique finance applications running on the SolveXia platform today.
Frequently Asked Questions
What is expense and payment management software?
Expense and payment management software automates and streamlines collecting, analyzing, and reporting company expenses and payments. It integrates with various data sources, such as ERP and expense management systems (EMS), to extract, combine, and transform data into actionable insights.
By leveraging expense and payment management software, organizations can gain near real-time visibility into their spending, improve decision-making, and proactively manage cash flow while reducing the time and effort spent on manual data manipulation and analysis.
What are the benefits of using SolveXia's expense and payment management software?
SolveXia's intelligent expense and payment management software delivers several key benefits. It enables businesses to perform expense analysis 100x faster by automating data collection, preparation, and reporting.
The software reduces errors by 98% through standardized processes and eliminating manual data handling. SolveXia provides near real-time reporting and reconciliations for payments, committed spending, aged transactions, and credit card expenditures, empowering decision-makers with timely and accurate insights.
Organizations can proactively manage expenses and improve cash flow with automated alerts and workflows. Businesses typically achieve a positive return on investment (ROI) within 6-12 months by streamlining expense and payment processes with SolveXia.
How does SolveXia's expense and payment management software work?
SolveXia's expense and payment management software seamlessly integrates with your existing applications and data sources, including ERP and EMS. Its drag-and-drop interface allows users to easily configure data collection, transformation, and reporting processes without relying on IT.
The software's powerful processing engine can handle millions of rows of data in seconds, ensuring timely and accurate analysis. SolveXia transforms raw expense and payment data into interactive dashboards and personalized reports, providing decision-makers with convenient and actionable insights.
The platform's transparent processing ensures consistency, visibility, and auditability throughout the expense and payment management process.
What types of expense and payment insights can I gain with SolveXia?
SolveXia's flexible platform enables organizations to gain a wide range of expense and payment insights tailored to their needs. The software can provide detailed analysis and reporting on payments, committed spending, aged transactions, and credit card expenditures.
With SolveXia, finance teams can easily track and monitor expenses across various dimensions, such as cost centers, vendors, projects, and categories. The platform's intelligent alerting capabilities help organizations stay on top of their spending, identify anomalies, and take proactive measures to optimize cash flow.
SolveXia's extensible nature allows businesses to scale their expense and payment management processes as their operations grow and evolve.
How can SolveXia's expense and payment management software help my finance team?
SolveXia empowers finance teams to take control of their expense and payment management processes, reducing the time and effort spent on monotonous data manipulation tasks.
By automating data collection, preparation, and reporting, the software frees staff to analyze results, communicate insights, and collaborate with decision-makers to improve expense management strategies. Finance leaders gain near real-time visibility into company spend, enabling them to make informed decisions and drive cost optimization initiatives.
SolveXia's accurate and timely reporting helps organizations improve financial planning, accruals, and cash flow forecasting. With SolveXia, finance teams can become more agile, proactive, and strategic in managing expenses and payments, ultimately contributing to better business outcomes.
