Pantonium Expense Management

Overview

Employee-initiated expenses comprise the second largest controllable cost after payroll in many organizations. Yet studies show that most businesses exercise only the most rudimentary controls over travel and entertainment and other employee expenses. Often paper-based receipt submission is used to track the expense process. This time consuming and complex manual process results in lengthy waiting periods for employee reimbursement, as well the business often experiences significant inefficiencies and loss of control and visibility into employee spend.

Pantonium provides strategic expense management capabilities that help businesses lower costs, enable policy compliance and provide overall visibility and control to employee spend. Pantonium's focus is on applying operations management know-how to improve and control the spend management process for organizations. The value of the offering is demonstrated by the client base of professional services organizations including architecture firms, software companies, mining firms and consulting organizations amongst others, who have been successful in controlling their costs by automating the processes they use to manage employee spending.

Benefits

• Created a centralized expense management process that dramatically reduced time spent by employees creating, tracking and managing expense reports
• Eliminated non-value added activities, resulting in employees spending more time on core responsibilities.
• Provided vital spend information, resulting in significant reductions in costs.
• Increased visibility into on internal employee compliance
• Increased visibility into billable expenses
• Reduction in time spent auditing past expense reports
• Eliminated non-value added activities, resulting in employees spending more time on core responsibilities.