Reimburse your employees for their out-of-pocket expenses
Volopay provides the expense reimbursement software Singapore businesses require. Employee reimbursement software allows you to automate the entire procedure rather than stacking up an enormous pile of receipts and claims.
It only takes one click to upload a receipt, followed by a quick approval process. Your staff will be able to effectively manage their business-related expenses without having to wait months for payment.
Trusted by finance teams at startups to enterprises.
Centralize employees’ out-of-pocket expenses
Your employees may be required to pay out-of-pocket for a variety of reasons, including incidentals, office expenditures, client meetings, petty cash, or even transportation. With the help of Volopay's employee expense reimbursement software, every claim can be reimbursed immediately.
With this expense reimbursement software, Singapore businesses can ensure that their employees are using the company funds for all business expenses instead of their own.
Quick reimbursements
Employees may go to their dashboard and seek reimbursement right away using the automatic employee reimbursement software. Admins can initiate reimbursement to their bank accounts with a single click. Push alerts make it easier to get quick approvals and acquire more information.
Smooth integration
Speed up bookkeeping with advanced integration. Rapidly sync with ledgers and transfer data to the accounting system. The cost of expense processing is considerably lowered.
Complete visibility, total control
Track every expense claim with the employee reimbursement software and reimburse in real-time.
To eliminate any delays in compensation, admins and employees receive push alerts and real-time updates of the approval process as soon as a claim is made.
Enforce policy compliance
Finance departments can use employee expense reimbursement software to guarantee that expense policies are followed, even when out-of-pocket expenses are incurred. Expense claims that violate the policy are automatically denied. Only those that comply with the policy are submitted for approval.
Furthermore, you may make essential fields for employees so that the approval procedure is not slowed and information is correctly delivered to the appropriate approvers as well.
Advanced approval workflows
Admins can create multi-level approval workflows with the employee reimbursement software. This aids in the automatic routing of claims to the approval queue.
These approval queues accommodate for absences as well, ensuring that reimbursements are not delayed for long periods of time. Employees can be asked for further information by any of the approvers to confirm that the spending is compliant with policy.
One platform for all claims
Access all submissions, validate claims, and manage expenditure reports in a single platform, including employee expenses, reimbursements, bill payments, and card transactions.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
Learn more about our employee reimbursement software
Advanced invoice management, accounting integrations, smart corporate cards, and employee expense reimbursement tools are all available through Volopay. All of your financial needs can be met in one spot.
You no longer have to rely on late paybacks. Our advanced approval workflows are perfect for the expense reimbursement software, Singapore teams need! Ensure all data is reconciled swiftly and adhering to company expense policy.
There will be no more ambiguity. Your expense reporting system can be set up so that you are aware of every detail of every transaction as it occurs. Know where every dollar of your company goes, why it goes there, and when it goes there. Closing the books is substantially faster with real-time expense reporting and reconciliation.
Corporate travel has just gotten a whole lot easier. Volopay has partnered with TruTrip to allow you to book all of your corporate travel — flights, concierge, hotels, and cabs – directly from your accounts payable wallet. Employees can claim money and mileage spent on business journeys using the expense reimbursement software Singapore has to offer.
Close your books faster using a secure and easy accounting system. Integrate your accounting software with your Volopay account to ensure that all transactions are synced in real-time and that you don't waste time manually entering data. All of your data is kept up to date thanks to the two-way integration.
FAQs on employee reimbursement
When you submit a claim, you must provide receipts, details, and vendor information. This enables approvers to spot duplicate claims and reject them before any funds are deducted. Duplication of claims is also avoided with a complete claims history.
An approval process is built into the employee expense reimbursement software. With the press of a button, an employee may navigate to the claims section and begin filing a claim. They must include information on the vendor, the amount, and a payment receipt. This passes via an approval line after it's been submitted. The funds are transferred to the employee's bank account as soon as the final approval is received.
Yes, using a filter, all claims may be reviewed in the expense report and ledger. You can also check the claims history in your notifications and alerts log if you're an admin or approver.
Simply submit the receipt, and the employee reimbursement software will determine if it is genuine or invalid. If the approver requests further information, you have the option of adding more details to line items. The claim method, on the other hand, allows you to simply add a single receipt and the entire amount.
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