Expense app digitizes processes in accounting and HR
The expense app Xpenses from Soreco now puts an end to the tangled mess of notes on your desk or in your wallet. Forgotten cash receipts are history. Xpenses not only takes a picture of the receipt like other apps, but also automatically converts the information into data such as VAT, amounts, date, etc. in seconds and features even more services.
The Xpenses app from Soreco compares the service provider's details with the database of the Swiss Commercial Registry Office and thus provides information such as company name, address, VAT number, etc. The app also triggers the authorization process and even allows third-party systems to process the data directly in HR or accounting software. The app also triggers the approval process and even enables third-party systems to process directly in the HR or accounting software.
This means that expenses can be automatically offset against wages or paid out as a vendor expense. Of course, the app automatically archives the receipts, making cumbersome paper storage unnecessary. In addition, Xpenses can be used in offline mode even in the absence of an Internet connection.
Easier processes
The data exchange starts automatically as soon as the device is online again. Xpenses also comes with additional features such as various evaluation options for expenses per employee, cost center, period, or expanded functions for supervisors. The easy-to-use app thus brings noticeable relief to employees and supervisors, but also to employees in the HR department and the financial accounting department, by means of simple photographic recording with the smartphone.
"It's amazing that until now there hasn't been an app that allowed for a true digital transformation of the expense process," comments Soreco CEO Claude Sieber. "With Xpenses, there are no more receipts flying around, no more media breaks, and no more angry faces because the accounting department finally asks for expenses to be submitted. Entering them with the app automatically triggers the necessary digital processes for approval, integration with existing business software and to pay out the amounts."
Xpenses can also be used to record and process flat-rate and travel expenses based on the calculation of the vehicle category.
The app is platform-independent and compatible with iOS and Android devices. You can find out more about the new Swiss app at www.sorecoweb.ch
