Corporate expense management software from Volopay
Our corporate expense management software will revolutionize the way your finance department operate. Instead of a lump sum of work at the end of the month, and chasing payments, you can rely on automation to take control.
Go digital with your financial processes in order to make business expense management much more manageable. Get Volopay corporate expense management software and let your finance team do what they do best instead of menial paperwork.
Trusted by finance teams at startups to enterprises.
Corporate cards to manage expenses
Track every penny spent by equiping your employees with smart corporate cards synced with your expense management software.
Fully controlled from the dashboard, it comes with the default expense policies already implemented. These cards come with dedicated ledger categories so that you can sort them easily as soon as a card is swiped.
Unlimited set of virtual cards
Create multiple virtual cards, be it vendor-specific, employee-specific, or even department-specific. Assign instantly usable virtual cards to your employees based on their spend requirements. Limits can always be set so that you have control over the spending.
Convenient to use physical cards
Our expense management software Singapore offering also lets you issue physical cards for employees that can be used inn all merchant portals and for offline expenses while traveling. Any payments can be recorded and supplemented with receipts in real-time.
Process out-of-pocket expenses swiftly
Corporate expense management software also comes with the ability to manage reimbursements. For one-time instances where employees make out-of-pocket payments, they can submit reimbursement requests directly on the portal.
Receipts and details may be attached, and approvers can instantly authorize a disbursement. Employees can also claim mileage reimbursements!
Virtual cards to ease subscription handling
If you think that the expense management software option won’t let you handle global subscriptions, you’re wrong. Virtual cards make SaaS payments much easier to manage remotely.
Cards can be created for one-time payments, as well as recurring ones. Just load and plug in the card number on the payment portal. These cards track expenses as they happen and can also be reloaded whenever required.
Accounting also becomes quicker with dedicated cards for each subscription.
Effortless expense management at your fingertips!
Multi-level approvals with customizations
The most time wasted with corporate expense management is when you’re chasing approvals. Ditch all of that by setting custom, multi-level approval policies on Volopay.
Maker-checker systems allow you to set multi-tier approvers (up to 5 levels) to have accountability behind spending. Auto-decline rules can be set for requests over a certain amount. Additionally, these approvals can take place remotely and instantly, avoiding the wait time.
Real-time sync and tracking of spending
Stop waiting for the end-of-month statement to shock you. Live synchronization of expenses lets you track spending as soon as payment takes place. Be it from one of the AP accounts, or from a card.
Expenses are tracked instantly and synced to the ledger for better expense reporting. Transparency on payment frequencies and amounts becomes that much more convenient to implement.
Spending is controlled before it occurs
Fear of overspending is not unfounded in the corporate expense management world. But specific controls and expense policies can let you monitor your spending before it even happens.
Company-wide expense policies can be implemented on the Volopay platform, with customizations for departments. Auto-decline rules can be set for payments over certain limits. And multi-level approvers let you pause and check payment before it runs through.
Implement a smarter spending culture
Better spending management comes with better control and policy awareness. The ability to secure your company funds is made possible by enabling approvers, policies, as well as live-tracking of all expenses.
Additionally, your employees have a degree of accessibility, too. Receipts can be directly uploaded to the platform, reimbursements requested, and mileage reimbursed. Employees can also request funds for cards at any time, from any place.
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
Expense management software benefits
Faster processes
It’ll become harder to keep track of hundreds of paper invoices as your business grows. It’s made even worse when your invoices and physical reports have to cross many desks for approvals.
Corporate expense management software provides a solution by automating and digitizing expense report submissions and approvals. Everything can be done directly on one platform.
Enhanced reporting
Having better visibility into your company spending in real-time doesn’t just stop there. You can easily consolidate all your expense details into reports, which can then be used to identify trends.
Pinpoint which departments or employees are spending the most and create plans to save more. Corporate expense management software can help you generate reports to better inform your decisions.
Enforced policies
Changes in expense policies are hard to keep up with. Even the best managers might have a tough time enforcing them. The good news is that a corporate expense management software makes it easy to make policy changes that will automatically be applied to the whole company.
With automatic out-of-policy flagging, it’s easier to ensure that your business expenses are within company policies.
Streamlined reimbursements
Employees can easily submit claims while approvers can just as easily review and approve them through corporate expense management software.
With mobile app support, it takes no time at all for employees to submit a claim after making an expense.
Bypass complex reimbursement requirements and satisfy your employees by quickly settling their out-of-pocket expenses.
Fewer manual errors
Decreasing manual touchpoints using automation features reduces the likelihood of errors.
Instead of having your finance team input error-riddled expense reports into spreadsheets, you can rely on your expense management software to flag errors and duplicate entries.
You’ll have better accuracy and a sped-up data entry process when you aren’t dealing with errors.
Improved visibility
View your expenses from anywhere at any time. Not only can you keep track of your business spending in real time, but you’ll also be equipped with a dashboard that presents your information in ways that are visually easy to understand.
Filter key metrics and information you want displayed to get the best visibility possible.
You can make smarter decisions when you have a better view of your expenses.
Get real-time visibility and control over your expenses
Real-time visibility to track and manage business expenses
Allocate resources better
It’s easy to fall into the trap of sticking to what you know. With a lot of expenses to settle, it might feel like you don’t have enough time to analyze your current processes and make changes.
Real-time visibility enables you to take a step back and view what your monthly expenses look like to help you allocate resources better.
Reduce inefficient expenses
The first step to figuring out which expenses are inefficient is by knowing how, when, and where your money is spent. Understanding what your expenses look like at any given time will make inefficient expenses easily visible.
Make yourself aware of what expenses are bleeding your cash flow and cut back on ineffective marketing strategies or unprofitable vendor purchases.
Optimize future spending
Real-time visibility equips you not only with information on how much you’re spending, but also enables you to see what the return on investment on your expenses is.
With a more comprehensive and holistic view, you’ll be able to pinpoint what the most effective strategies are. You can optimize future projects based on the available information.
Streamline your expense management
When you have a high volume of transactions, you’ll spend a lot of time compiling data and making sure that you have complete and accurate information.
Having tools that can help you achieve real-time visibility solves this issue and streamlines your expense management process. Enable better decision-making in less time.
Simplify reimbursement with expense approval workflows
Cut down on the number of reimbursement claims that your finance team has to process by providing your employees with corporate cards with pre-approved limits.
As long as they spend within the pre-approved limit, business expenses are made easier. Your employees don’t have to make out-of-pocket expenses and wait to be reimbursed.
Instead of having to approve every single transaction before they go through, you can set auto-approval policies to save time. When your employees spend under a certain amount, they won’t have to chase down approvers before making payments.
This way, expenses and reimbursements are transparent and controlled without your finance team and other employees wasting time on approvals.
You don’t have to waste your employees’ time chasing down approvers and risk losing paper documents as they cross many desks.
Automated multi-level approvals can help you digitally route claims and reports for approval. Approvers of each level will be automatically notified. Everything can be done with just a few clicks in a few minutes.
Why choose Volopay’s expense management software for your business?
Simplified claims process
Volopay offers a corporate expense management software that can help you carry out your entire claims process from end to end without hassle. When your employees submit a claim through the Volopay mobile app or web dashboard, it’ll be automatically routed to the designated approvers.
Approvals are easily made on the same expense management software, which can also settle claims.
Process payments quickly
Not only can you make reports and input expense data on Volopay, but you can also make payments straight on the platform.
Collate all your expenses starting from card spending to salary payments and reimbursements and settle all your payments through Volopay.
You get better visibility and control over your spending while speeding up the entire process.
Customizable approval workflows
With tools meant to make your expense management process easier and smoother, Volopay provides flexibility to help you incorporate existing workflows and automate them.
Make use of Volopay corporate expense management software to set multi-level approval workflows and appoint approvers according to your company policies.
With customization, it’s easy to integrate your policies without having to make changes when automating.
Mandatory submission policies
You might spend a lot of time going back and forth to ensure that all expense reports and reimbursement claims have all the necessary information.
Volopay allows you to create mandatory fields according to your expense report and claim submission policies.
Cut back on the time chasing down missing information by notifying employees of which fields still need attention.
Set spending limits
Whether it’s for card payments, monthly vendor payouts, or specific project expenses, you can set spending limits for all your expenses through your dashboard.
In just a few clicks, you’ll be able to easily create one-time spend limits for each specific project or apply monthly limits for individual departments.
Control your expenses better using Volopay’s corporate expense management software.
Get expense overview
Allow department managers, executives, and other administrators in your business to get an overview of all your expenses at all times through Volopay.
All you’ll need to do is open up the dashboard to get detailed information on cards, transactions, and expenses—available to you with just a few clicks. Trade in paper files for a digital overview.
Make expense reporting a breeze with Volopay
Learn more about our expense management solution
Volopay brings together the different branches of expense management under the umbrella of one platform. You can manage things like approvals, corporate cards, account payments, expense reimbursements, and accounting automation from the same place.
Multi-level approvals
Different tiers of approvers ensure that no one person is responsible for an expense and that all payments have a good system of checks and balances.
On Volopay, you can assign up to 5 levels of approvers for payments, reimbursement sanctions, policy enforcement, and card reloading. These approvers can also request information or flag inconsistencies before approving so that there is no missing data during the accounting process.
Employee reimbursement
Employees shouldn’t feel hesitant to request funds or claim reimbursements. Instead of letting them get daunted by week-long procedures, allowing them to request reimbursements on the Volopay platforms lets the process be managed much easier.
They just need to upload a receipt and mention the payment details - approvers just have to verify and approve the disbursement of repayment.
Subscription management
SaaS should be helping you, not making your life tougher. Virtual cards can be created for every vendor so that you can allocate funds accurately, and take one look at an expense report to see who was sent how much money.
This also lets you easily manage cross-border vendors, or stop payment for forgotten subscriptions. One-click solutions for seemingly complicated problems.
Real-time visibility
Track it as it happens. Real-time visibility lets admins, accountants and managers observe the flow of company funds as they are occurring.
Instead of shocking expense reports or massive debt, you always have control over how your company’s money is being spent. Know every detail, approve it quickly, or freeze it before it’s too late.
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Customer stories
Volopay provides your business with the perfect financial control centre. Don't take our word, let our customers tell you how we empower their organisation.
Volopay helped BukuWarung in managing their expenses across different countries.
Volopay helped Deputy smoothly integrate with an accounting system.
Using Volopay, AdCombo eliminated the hurdles of cash flow management.
They loved Volopay, you will too
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FAQs on expense management
Small businesses manage income and expenses with the help of smart financial and accounting applications. They use customized accounts payable software that schedules and tracks payments, facilitates international transactions, offer cards, do expense reporting, and many more.
If you are constantly bombarded with employee claim requests and have the question ‘How do i keep track of employee expenses’, consider Volopay. Employee expenses is often overlooked, but if not tracked can burn your budgets. Use Volopay reimbursement system to automate and streamline expense reporting or provision corporate cards to each of your employees to further minimize the stress.
Businesses keep track of receipts with the help of corporate expense tracking software. This software facilitates outgoing payments of your business and stores its information within. As soon as the payment gets credited to the receiver, you can access the receipt within this corporate expense tracking system at any point of time. You can also download and access these receipts locally.
Yes. It’s a neat bookkeeping practice to have all the receipts in place as proof for processed payments. Businesses also store invoices, bank statements, or any other payment records and use them while filing taxes. But how do businesses keep track of receipts? It can be a lot for a mid-sized business that handles bundles of payments every day. Implementing an expense management system helps. It can automatically generate receipts once your payment is processed and credited. You can access these receipts at any time within the system and download them for external usage.
Expense reimbursement on Volopay is swifter than traditional expense reimbursement. Employees can put in a request (for mileage or out-of-pocket payments) on the platform. There are options to mention the vendor, the purpose of payment, and attach a receipt. As soon as an approver takes a look, the expense can be approved. The employee is notified instantly and the payment is processed. Approvers can also request more information, which the employee can provide when they receive the notification instead of dealing with weeks of back-and-forth communication.
Volopay physical and virtual cards can be used to make digital payments, by entering the card number into the merchant portal. In the case of recurring payments, the cardholder can have the card information saved on the vendor’s site. So long as the card is funded (either when required or through recurring reloading), the payment will go through. Virtual cards allow you to create vendor-specific cards for one-time payments for better reconciliation and verification. This also helps keep track of forgotten payments and lets you freeze a vendor card to stop a subscription.
Automated expense reporting on the Volopay platform implements the expense policies to make compliance and analysis smoother. Receipt and invoice scanning features allow better management of vendor information. Payments can be set up in advance to avoid late fees, and early payments can earn discounts. With the help of one-click report generation, forecasting and analysis require less data-collection and data-entry work. Expense reporting, then, only requires the more human aspects of financial management instead of redundant menial work.
Expense reports reflect all the information that you filter. The ledgers include information on who has initiated payments, from which account (which wallet or card), as well as which department. Vendor information, invoices, and receipts are all linked to this payment. You can filter information depending on what kind of expense report you wish to generate - but, by default, it is possible to include all this information.