Expense (T&E)
Introducing our Supplier Expense Management feature – a seamless solution for managing project expenses. Whether you’re working on a construction project or any other type of project that requires specific materials, our software streamlines the process of invoicing suppliers and managing those expenses. With VYAY, you can easily track supplier invoices and expenses associated with your projects, ensuring accuracy and efficiency every step of the way. Say goodbye to the headaches of manual supplier expense management and try VYAY today.
At our organization, we understand that company managers are not necessarily equipped to handle the rigorous task of auditing employee expense reports. This is where VYAY’s cutting-edge expense management systems come into play, offering greater control and streamlined processing. While human auditors are still required, the sheer volume of data across various platforms makes it virtually impossible to detect revenue leakage, fraud, or modify spending behaviour. VYAY software offers a novel approach to expense management, utilizing an innovative dimension to analyze expenses, which is at the core of our expertise. With the VYAY calculator, our software provides a comprehensive overview of expense optimization, ensuring that our clients can make informed decisions with ease. Join the VYAY family and experience the power of our game-changing expense management solutions.
At VYAY, we believe that compliance is key to success, which is why we offer a robust and comprehensive audit system. Our state-of-the-art AI and advanced analytics carefully analyze an employee’s past spending records, enabling us to identify any patterns of expense policy non-compliance, such as:
1.Hotel bookings without corresponding flight ticket purchases.
2.Discrepancies in lunch attendance with team members present in a different locations.
3.Liquor being treated as a business expense.
4.Personal items like dress materials are treated as business expenses.
5.Credit card not used in the preferred merchant location.
6.Constant pattern of expenses submitted as receipt missing.
With our innovative expense management solution, you can transform your back-office operations without any additional costs, while also reducing risk and freeing up internal resources for activities with higher added value. Our team of skilled accountants is dedicated to providing you with the best possible service, utilizing best practices to transition your manual processes into digital workflows. Don’t settle for less – join VYAY today and experience the transformative power of our expense management solution.
Key Differentiator of VYAY System
Audit Facility and Virtual Accountant
The auto audit features take care of the majority of expense audits leaving the auditor with ample time to look at exceptional expense reports only. And provide full accountant service virtually to all employees while filling up the expenses in the system.
Employee Compliance Score
This provides the leadership team with a view of the spending pattern of their employees and their related compliance score ( much like the CIBIL score in the lending business). This helps organizations gain a better understanding of employee spending behaviors and also the effectiveness of the policies in place.
Automatic Tax Credit Package
The “Automatic Tax Credit Package” streamlines incentives by setting eligibility in advance, applying credits automatically, using real-time tech for adaptability, simplifying for taxpayers, reducing administrative complexities, and promoting transparency in fiscal policies.
Real Time Budget Monitoring
Where Managers can see the budget in real-time and which would control efficient budget spends
Vendor Negotiation & Trigger Events
Enables organizations to enroll into cost-saving loyalty programs helping achieve cost optimization with top vendors.
