Essentially the most Configurable Costs Resolution.

What it's?

Increasing vacation costs. Paper receipts and spreadsheets. Very poor conformance to vacation procedures. Seem familiar?

Say good-bye to everything together with the aid of Infor Price Administration, by far the most versatile and configurable journey and entertainment (T&E) expense administration alternative on the market. Available for deployment in the cloud or on-premises, it eliminates manual processes-and the headaches and mistakes that go along with them. Cost Administration is a suite of four integrated applications (Price Reports, Vacation Plans, Payment Requests, and Timesheets) that can be used either individually or in any desired combination.

Your employees get a system they love-faster reimbursements, consolidated vacation booking and expenditure administration, mobile access via a smartphone or tablet, and the end of paper receipts. Your administrators get more time-dramatically fewer mistakes to deal with, greater configurability, and minimal reliance on IT.

But best of all, you get to take advantage of one the biggest, and most often overlooked, opportunities for cost reduction that exists today-the hidden costs in the T&E expenditure administration process. You'll also be able to reduce expenditure spending, thanks to the detailed insight and policy compliance you get with Infor Expenditure Management.

What it does?

Modular by design, Infor Cost Administration gives you the ultimate in flexibility. You get a single, fully automated system for managing travel and leisure costs, employee-initiated purchases, and employee time capture. You can deploy on-premises or in the cloud, and purchase modules in any combination at any time. You also get world-class reporting and auditing capabilities. The remedy includes:

Expense Reports-Travelers can create and manage cost reports whenever and wherever it's convenient, including via a smartphone or tablet. Plus, reviewers can open cost reports and attach supporting documents when they receive email alerts, without logging into the application.

Journey Plans-Enforce corporate travel guidelines before spending occurs by verifying compliance as employees make travel plans and create a fast, easy approval process. You can also attach vacation plans to cost reports and compare planned versus actual charges to improve approval decisions and increase the accuracy of future budgets.

Payment Requests-Effectively track and accurately allocate employee purchases that are made immediately and that often bypass requisition and order processes as a result. Avaza Expense Management eliminates duplicate data entry and automates validation, to aid ensure that requests are accurate, complete, and charged to the correct cost centers or project codes.

Timesheets-Streamline and simplify the creation of timesheets and improve accuracy by letting employees report project hours and general work/absence hours in a fraction of the time required by paper-based methods. Quicker processing times and fewer errors lead to more efficient customer billing cycles and a reduction in days sales outstanding.

Mobile device support-Allow employees to create price reports on smartphones and other mobile devices anywhere, any time. Managers can also view and approve expense reports from their mobile devices, leading to time savings, faster response times, and increased productivity.

Digital receipt management-Employees can easily attach, email, or fax receipts for a paperless remedy.

T&E budget controls-You can import cost center or project-related budget figures into Infor Price Management and monitor accruals against budgets, so that you can avoid getting surprised by unexpected spending.

Infor Cost Administration also incorporates alerts and automatic analysis capabilities to support nip policy violations in the bud and uncover hidden opportunities for savings. The system:

Alerts employees to violations as they enter data, allowing them to provide explanations or make corrections before submitting plans or expenses.

Alerts reviewers, obtains necessary approvals, and then triggers events such as issuing plane tickets and reimbursing costs.

Automatically analyzes data, searching for opportunities to transform spending into savings.

What it means?

The results you can achieve are dramatic. You'll be able to:

Reduce the cost of processing expenditure claims by up to 50%.

Manage high transaction volumes easily and economically.

Eliminate time-consuming, labor-intensive, and mistake-prone manual processes.

Consistently and effectively enforce vacation and enjoyment cost policies and ensure regulatory compliance.

Dramatically decrease the number of late price claims and timesheets.

Significantly speed up the reimbursement process.