SmartX - expense management & prepaid card solution
Without SmartX
Issue cash advance to employees
Employees spend cash
Employees physically submit bills for reimbursements
Accounts dept. manually checks policy
Accounts dept. manually checks bills and takes business approval
Manual reconciliation and journal
entry
With SmartX
Issue prepaid cards (optional) to employees
Employee spends using SmartX cards
Expenses visible on portal -> employee checks and submits
Digital process of policy, budget, and business
approvals
Auto reconciliation and journal
entry in ERP
Without SmartX
Issue cash advance to employees
Employees spend cash
Employees physically submit bills for reimbursements
Accounts dept. manually checks policy
Accounts dept. manually checks bills and takes business approval
Manual reconciliation and journal
entry
With SmartX
Issue prepaid cards (optional) to employees
Employee spends using SmartX cards
Expenses visible on portal -> employee checks and submits
Digital process of policy, budget, and business
approvals
Auto reconciliation and journal
entry in ERP
Key Differentiators
- Option to issue prepaid cards to employees or use it only for managing reimbursements.
- Manage cards: issue cards, block cards, load money, etc.
- Fully digitize expense reimbursements management.
- Ensure adherence to travel and reimbursement policy.
- Maintain records of employee expenses digitally.
- Enable effortless reconciliation.
- Eliminate hassle of ensuring correct journal entries for accounting.
