Employee  Expense  Management 

What is Employee Expense?

Expense is the money spentby employees be it out of their pocket or company money spent Read More...

What is Employee Expense Reimbursement?

Employee Expense is the money spentby employees be it out of their pocket or company funds Read More...

What is Employee Expense&Reimbursement Management (EERM)?

EERMis a process to requisition, process, pay and audit employee-incurred expenses for the Read More...

What are the Pitfalls of Not Automating EERM?

Organizations face numerous challengeswhile handling EEM. In a manual system there is greater scope Read More...

Why to automate the EERM?

“Expense management systems have been shown to reduce expense processing costs by 51%.” Read More...

Why FULCHRUM?

FULCHRUM’s EERM is:

  1. Establish comprehensive policies as per the organization’s business strategies and regulatory requirements.
  2. Define spending allowance rules and limits as per job code and designation of the employee.
  3. Define the expense limits as per Actuals (with Bills) or per threshold (without bills).
  4. Authorize advances in local currencies based on the per diem allowances per location.
  5. Define the various types of expensessuch as conveyance, food, lodging, miscellaneous expenses etc.
  6. Allocate expenses to appropriate cost centres, projects etc. at the time of filling the expense claim. Read More...
  1. Enables accessthrough a web browser from anywhere to capture expenses and receipt images on the go.
  2. Gain real-time visibility into employee spend with multi-dimensional reporting.
  3. Customize the automation to suit unique expense management business processes while ensuring proper spend controls.
  4. Incentivise employees for responsible spending.
  5. Multi-level Workflow based approvals online by reporting managers as per organisation policies. Read More...
  1. Reduce administrative burden by leveraging workers, roles, organizations, and security policies.
  2. Role Based Access Security for more control and consistency in processes.
  3. Search and monitor all the Travel Requests based on different search parameters like Request Status, Request No, Location, Department, from dates and to dates, on a simple dashboard.
  4. Provide more visibility on money spends to enable informed decisions.
  5. Lesser manpower resources needed to review and process expense reports and time saved is better utilized in monitoring policy compliance and uniform application of policies.
  1. Employee can initiate and view all the reimbursement requests based on each status:
    1. Non Submitted Request – Where requests are saved but not submitted to manager.
    2. Submitted Request – Requests which are sent to the manager.
    3. Approved Request – Requests which are Approved by the manager.
    4. Cancelled Requests – Requests which are denied by either manager and or or Administration.
  2. All the Reimbursement Requests of the employees and their Status can be viewed with different search criteria like People ID, Location ID, Job Code, Department ID, Expense No, Request Status, From Date and To Date.
  3. Online submission of expense claims through self-service promotes lower costs, more accurate accounting, and more timely reimbursements.
  4. Online claims processing feature enables employees to check their claims history and file expense claims online.
  5. Attach scanned bills and supporting documents, when filing expense reimbursement claims. These can also be linked to your document management system (coming soon).
  6. Employee Morale and Productivity are improved as employees spend less time and effort on expenses management.
  1. End user specific workflow controls (up to 4 levels)
  2. From and to places (in case of a mileage expense to be reimbursed) can be either pre-defined or free form.
  3. Options to define the max amount reimbursable as per the expense type.
under construction...