private sector

In addition to the range of core benefits Transfare also provides the following benefits within any business environment:

Benefits for the Financial Controller
· Significant savings in personnel time as no re-keying required
· Informed and accurate reporting
· Conforms to accounting best practice e.g. each claim has an audit trail
· Access to more accurate accrual information
· Ability to have accurately and rapidly analyse T&S expenditure across cost centres and expense codes
· Allows for informed Vendor negotiation
· Ensures expenses policy adhered too
· Interfaces with current/future technology no need to re-invest

Benefits for the department processing the expenses
· Save time as employees don't need to re-key information
· Automatic calculation of amounts and rates
· Automatically displays useful reminders to car users e.g. MOT date, insurance renewal, driving license expiry
· Reduces processing error as handwriting errors are eliminated
· Reduced calls to department with expense enquiries
· Ensures NIC contributions paid in correct payment period
· Provides appropriate information for year end tax reporting and Audit
· Highlights any expenses irregularity, duplication and client/project recharging
· Staff can be freed to perform other tasks