PurchaseAnywhere® is a cloud-based solution that offers the most cost-effective comprehensive solution for end-to-end automation, reconciliation, and management of day-to-day business operational spending through the use of Purchasing Cards (P-Cards) or Reloadable Prepaid cards.
PurchaseAnywhere mitigates business risks and implements strategic decisions that empower businesses to reduce costs, and make the best capital and resource decisions while balancing compliance requirements.
80% of Corporate Purchases are Low-Dollar Value
Using Prepaid Cards for such purchases provides a low-cost alternative with enhanced spending controls and purchasing oversight with a streamlined payment process that minimizes risk and fraud.
PurchaseAnywhere Reloadable Cards
Providing corporate cards for each center requires awful paperwork from investors and management and is not operationally practical, nor is it practical to ask all operations center person to incur ongoing month-to-month expenses for reimbursement.
To maintain the centers of operation, businesses generally send money (check, wire, cash) into the personal accounts of some responsible people at these centers, making businesses vulnerable to a higher degree of risk and fraud.
Risk Management And Cost Reduction
ExpenseAnywhere mitigates risk and drastically reduces reconciliation costs by providing reloadable prepaid cards (VISA or MasterCard) integrated with the PurchaseAnywhere solution to manage cards and card charges. In addition, the solution offers:
- Ability to create center-specific prepaid cards funded from their specific bank accounts, making it easier to manage center-specific expenses.
- Instantly upload and download funds to or from a card, minimizing risk and loss.
- Exercise control on card spend. Upload the funds as needed.
- Card transactions data is instantly populated in PurchaseAnywhere® System for allocation, approval, and posting to client ERP Systems, including Yardi and Real Page
- Increased operational efficiencies. Improved visibility into expenses.
- Enhanced compliance with corporate policies.
- Advanced business intelligence and analytics.
ExpenseAnywhere® with its Partners issues VISA or MasterCard reloadable Prepaid cards.
The cards are FIDC insured. If required, each card can be funded from its specific bank account.
The system empowers businesses to instantly authenticate a POS charge, providing control, visibility, as well as risk minimization. The card charges are immediately posted to the PurchaseAnywhere® system for automating the entire process of managing and reconciling card charges in compliance with corporate policies.
Card users can upload pictures of their purchase receipts using their mobile devices or email or fax receipts to PurchaseAnywhere for validation and reconciliation.