Conferma Pay & Inlogik partner to automate SMEs hotel expenses
By Gloria Mathias
Businesses implementing this new service will have all their employees’ hotel invoices automatically tracked and transformed to be tax and audit-ready. This streamlined process saves corporate travellers and their employers significant time and provides improved oversight and increased control over expense budgets.
Inlogik’s ExpenseMe/ProMaster Expense Management System has been integrated with Conferma Pay’s virtual card solution to automate the often-laborious expense process. This boosts employee satisfaction, reduces intentional and accidental fraud, and improves compliance.
The virtual cards enable the capture and categorisation of line-item accommodation folio data with GST extracted. Organisations can now claim the GST because they have easy access to the invoice details.
Jason Lalor, Chief Executive Officer at Conferma Pay said, “Travel is an essential part of doing business. However, managing the associated expenses can be a huge headache, not only for individuals tracking their spending but for businesses who lose time to inefficient expense management methods. Drawing on our long-standing experience in the hotel and travel industries, this new system gives businesses what they need most: more time and better visibility.”
The service is based on Conferma’s snap+ solution, which collects invoices and identifies relevant invoice data, breaking down the total cost of stay, including the room rate and extras such as parking, meals, and laundry. This information is then provided to Inlogik to automatically create the expense entries, applying their financial coding across the data which provides the gross, net and tax amounts associated with each line item.
Richard Eskell, Chief Executive Officer at Inlogik noted, “The granular level of data this solution provides means businesses can have greater visibility over the detail of their travel expenses. This critical insight, as corporate travel continues to grow, is key to giving businesses insights and understanding of their operations at every level.”