Businesses must now work at a faster pace than ever before in order to survive and grow. Companies that do not adapt and become more flexible will be deemed obsolete by market forces and will go out of business.
To retain talent and preserve a competitive advantage, Companies require workplace digital solutions that help their employees be more productive, effective, and successful. Additionally, organisations want these digital solutions to streamline operations, ensure stakeholder transparency, and eliminate conflict-causing friction points.
Cloud-based digital solutions are now accessible on the market, allowing businesses to quickly simplify their processes while providing excellent service to their staff and consumers. Many of these cures are versatile, safe, and long-lasting. They are designed to give an app-based experience for employees to utilise on their own devices, as well as a portal-based experience for IT, administration, and HR Teams.
Companies that implement Workplace Digital Solutions benefit from increased employee satisfaction, fewer complaints, and higher process compliance.
Workplace Digital Solutions give businesses the tools they need to produce transparent, auditable, and verifiable reports that satisfy auditors, certification organizations, and regulatory agencies.
As a leading Workplace Digital Solutions supplier TereoTech Solutions helps businesses achieve these goals while maintaining the satisfaction of their staff and clients. We design smart Workplace Digital Solutions that help in transforming workspaces into exceptional Digital Experiences.
How Does Tereo Expense Reimbursement Work?
- Admin portal’s access is provided to HR / Finance Teams for the following reasons:
- To add the categories of Expense items that are unique to their company.
- To customize Tereo Expense according to their needs.
- To add Spend Policies that are specific to their company.
- To set up the Approval Hierarchy that suits the needs of their company.
- To add employees that have the authorization to use Tereo Expense.
- To pull the expense reports at the company, departmental or employee level.
- Our Expense Reimbursement App provides employees with their own personalized access for:
- Submitting their Expense Claims along with the receipts.
In What Ways Does Tereo Expense Reimbursement Assist Customers:
- Easy-to-Rollout and Easy-to-Use: Our expense reimbursement solution has been designed, at its core with the customer journey and user experience. The company account and user set-up take less than half a day. The app experience for employees and approvers is instinctual. It also allows the receipts to be scanned by employees. With our app, the managers receive expense reports with expense policy-related alerts. Our app provides real-time status of the expense claim.
- Automated Approval Matrix: Our expense reimbursement solution provides
customizable approval process by the Expense Category or by Expense Value.
The organizational hierarchy is based on a 3 Level approval matrix.
- Insights, Reports, and Trend Analysis Automated Approval Matrix: Usually the finance and HR teams have access to real-time data and insights on the money spent at an organizational level, departmental level, and employee level. Insights on spending patterns are provided by on-demand charts and trend data which can be used for more effective spending planning.
Why Tereo Expense Reimbursement?
- Our expense reimbursement system is cloud-based and driven end-to-end meaning you do not need to obtain anything from a third party. We deliver a complete functional solution from beginning to end.
- Your companies can even test and roll out our expense reimbursement solution within a day or two.
- Our Tereo Expense app is effortless and convenient to use for employees.
- Our Tereo Expense app provides employees with a real-time view of the status of the expense claims made by them.
- The managers are provided with an alert-based notification system to approve expense claims on our Tereo Expense app.
- We provide Finance Teams with access to real-time and historical Reports and a Dashboard for Insights and Trends.
