benefits

Travel and Subsistence accounts for up to 60% of departmental costs and is the second largest controllable expense in any organisation surpassed only by salaries, according to a number of independent reports.

The time involved to compile, submit, approve and check for accuracy of expense claims can add to the pressure on departments and involve duplication of workloads and incur unnecessary costs.

Additionally the processing of paper based travel and subsistence claims is an administration burden, which, together with payroll and invoicing, probably accounts for the biggest part of your finance department's working day.

Our fully automated web-based system overcomes these problems and has the following advantages for your organisation:

Massive savings of staff time
· Keying information received in paper forms into computer eliminated
· Reduces staff cost
· Reduces Fraud
· Consistent mileage figures with predefined journey distances

Claims are processed faster and more efficiently
· Expense claims are processed electronically to the authoriser and then onto the financial system on the same day
· Offers total end-to-end workflow with multiple level signoff and authorisation - 3 views available: User, Manager and Administrator.
· Transfare allocates costs against different departments, cost centres and jobs/clients.

Informed decision making
· extensive standard reporting facilities
· Simplifies and verifies the audit trail as all system activity is recorded

Quick and easy to use
· extensive online help
· Transfare introduces accountancy best practices and can demonstrate almost immediate cost savings.