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Home > Products > Retain WebExpense > Business benefits  
 
Retain WebExpense
Business benefits
 
 
Optimizing your business
 
  For the company...    
  An easy to use and flexible employee timesheet system that can be fully integrated with the existing accounting system and coding structures used by your organization.  
  The user interface is completely web based which means Retain WebExpense is ideally suited for situations where users are located across multiple sites or countries.  
  We specialize in solutions based on freely available open-source software, this enables us to offer one of the most cost-effective systems on the market.  
  Retain WebTime and Retain WebExpense are built around the same code base, together they provide a compact and integrated time and expense tracking system.  
         
  For the user...    
  Simple web based user interface.  
  Users are guided through the expense entry process by visible prompts to minimize errors.  
  Notes and invoice narrative can be entered against expense sheets at both entry and approval stages, while the information is fresh in the mind.
 
  The interface has been designed to minimize the entering of awkward codes by associating coding information with employees and projects when they are set up.
 
  Users can maintain their own portfolio of projects and minimize time-consuming searches and speed up expense entry.
 
  Much of the validation for data entry occurs within the browser, making the user interface very responsive.
 
  Users have the ability to query their historic expense sheets using Expense Enquiry, reducing enquiries to the accounts department.
 
         
  For the manager...    
  An optional approval module allows managers to have control over employee disbursements
 
  Employees are automatically emailed notification of rejected expense sheets.
 
  Retain WebExpense uses a highly configurable system of workgroups and roles to allow maximum flexibility when defining which employees, projects or cost centres are approved by which approvers.
 
  With our flexible workgroup structure, any number of secondary or back-up authorities can be created to approve expense sheets, eliminating disruption to the authorization process due to absence.
 
         
  For the administrator...    
  The workflow system allows late authorizations and corrections to be chased via email at the click of a button.
 
  Employee templates can be set up to aid the rapid creation of new employees.
 
  The ability to represent the internal structure of an organization by grouping employees and projects using our system of workgroups and roles means that administrators can be isolated from projects or employees that are not relevant to them.
 
         
  For the accounts department...    
  Retain WebExpense features a built in expense receipt tracking system that allows one-click chasing of overdue expense receipts via email.
 
  The system allows analysis for UK and overseas VAT recovery with customizable dialogues to prompt the user for additional information on any given account. For example, custom dialogues can be set up to record the number of nights stayed in hotels, the destination for flights or a supplier name or VAT number. It is also possible to make the entry of narrative fields mandatory.
Click here for a sample report.
 
  An administrator 'review' stage can be enabled for expense claims to ensure no coding errors have been made, this is especially important when recovering VAT.
 
  Any number of analysis codes can be attached to individual employee and project records, in addition to codes that are selected by the user when the expense entry is submitted.
 
  Analysis codes can be used to identify employee expenditure with corporate vendors for discount negotiation purposes, for example with hotel chains or car hire firms.
 
  The system can maintain vehicle mileage rates to automatically calculate claims.
 
  Our flexible export tool allows data held in the Retain WebExpense database to be written out to a file. The format of the file is completely customizable and can output files ready for importing into accounting systems such as SunSystems or Sage Line50/100. The exports can also be incrementally controlled.
 
  Retain WebExpense accounting periods can be defined to correspond with corporate accounting periods, this facilitates clean month-end 'cut-offs'.
 
  The Invoicing module allows a controlled release of expenses for re-charging to clients with the facility to add a mark-up.  
 
 
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