Expenzing - A Cloud Based Platform to Reimagine Procurement and Enterprise Asset Management
An inefficient process of procurement not only diminishes the visibility of spends across the board, but also potential bottom-line savings of an organization. Traditionally managed through ERPs at large corporates, and paper based systems at its smaller counterparts, specialized functions like account payable teams do not benefit from them. A large part of the indirect spend is manually entered in the ERP system and most times this spend is either non-compliant or done with non-empaneled vendors, opening the organization to legal considerations or risk factors. Increasing budgetary constraints stimulate the need for Procure-to-Pay strategies with focus on adoption of policies, real time insight& analytics, regulation of indirect and maverick spends, centralization of procurement with empaneled suppliers across multiple branch locations and risk mitigation.As a result, savvy finance professionals are looking for automated Procure-to-Pay software and reporting systems that integrate with powerful analytics tools to enable transparent transactions. To bridge this gap, Expenzing, a Mumbai based IT firm caters a cloud based procurement and asset management solution to streamline purchase and expenses, aiding enterprises get control of their expenditures. Armed with 15+ years of industry experience and a team of technology experts, Expenzing provides clients with an automated Procure to Pay solution suite including –Invoice Management, Contract Management, Supplier Management, and Asset Management.
With the objective to make procurement simple, effective and intelligent; Expenzing Procure to Pay software brings the business users, admin, procurement, accounts payable, finance control, audit & compliances, ERP and the vendor teams on a singular platform. Expenzing is capable of integrating with Oracle, SAP, SunSystems, JD Edwards, BAAN, Tally, Quikbooks, and most ERPs. It comes with an Accounting Configurator Tool which facilitates integration across ERPsto ensure a smooth process.
Assured Compliance of Enterprise Assets
Maintaining up-to-date asset records can be a challenge, especially when preparing for an audit. Expenzing understands the predicament of head offices to keep a track of assets across branch offices. The firm facilitates robust management of enterprise assets with its cloud enabled software –Expenzing Asset Manager. The software maintains record of acquisition of assets, their location, and assigned users in a digital asset register and assures seamless process from procurement, assetization, capitalization and ongoing depreciation.
“We are one of the very few specialized companies that focuses on all forms of asset controls from procurement of assets (involving supplier management and invoicing) to registration, maintenance and depreciation of assets,” states Ila Imani, CEO, Expenzing.
To make capitalization of assets procured by an organization easier, Expenzing Asset Manager integrates with the Expenzing Procurement Manager to optimize the acquisition process of the assets. Expenzing Asset Manager upholds delegation of authority matrix of an organization, this helps track the user, the location, secondary ownership of asset to the operating department and a local asset manager. The software calculates depreciation of assets using a sophisticated system for closing of books, assigns or transfers assets to users smoothly with a hassle-free process.
About the Technology
Expenzing takes pride in catering services to renowned names like Aditya Birla Group, Bajaj Group, RPG Group and Tata Group; along with MNC's like Alcon Novartis and Danaher. Currently serving a huge clientele and having presence in 6 countries; Expenzing proposes to strengthen its leadership position in India and grow geographically by adding customers in international markets in the upcoming years.
On the technical front, Expenzing constantly works to drive business value to the customers by bringing in disruptive features of visual design, speedy dashboards, mobile apps, Google maps, and online travel booking. Moreover, carrying the reputation of a trusted brand built with more than a decade of customer support. Expenzing invests heavily in improvisation and innovation of the product to provide a seamless experience to the finance function of organizations, thus taking the success mantra beyond an excellent product.
To bridge this gap, Expenzing, a Mumbai based IT firm caters a cloud based procurement and asset management solution to streamline purchase and expenses, aiding enterprises get control of their expenditures.
To make capitalization of assets procured by an organization easier, Expenzing Asset Manager integrates with the Expenzing Procurement Manager to optimize the acquisition process of the assets. Expenzing Asset Manager upholds delegation of authority matrix of an organization, this helps track the user, the location, secondary ownership of asset to the operating department and a local asset manager. The software calculates depreciation of assets using a sophisticated system for closing of books, assigns or transfers assets to users smoothly with a hassle-free process.
About the Technology
Expenzing takes pride in catering services to renowned names like Aditya Birla Group, Bajaj Group, RPG Group and Tata Group; along with MNC's like Alcon Novartis and Danaher. Currently serving a huge clientele and having presence in 6 countries; Expenzing proposes to strengthen its leadership position in India and grow geographically by adding customers in international markets in the upcoming years.
On the technical front, Expenzing constantly works to drive business value to the customers by bringing in disruptive features of visual design, speedy dashboards, mobile apps, Google maps, and online travel booking. Moreover, carrying the reputation of a trusted brand built with more than a decade of customer support. Expenzing invests heavily in improvisation and innovation of the product to provide a seamless experience to the finance function of organizations, thus taking the success mantra beyond an excellent product.
