PurchaseAnywhere®

Automating low dollar value day-to-day business operational spend

PurchaseAnywhere® is a cloud-based solution which provides the most cost-effective comprehensive solution for end-to-end automation, reconciliation & management of day-to-day business operational spending using Purchasing Cards (P-Cards) or Reloadable Pre-Paid cards.

PurchaseAnywhere mitigates business risks & implements strategic decisions that empower businesses to reduce costs, make the best capital and resource decisions while balancing compliance requirements.

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80% of Corporate Purchases are Low-Dollar Value

It costs businesses upwards of $80 to issue & manage a single Purchase Order.
The cost of (creating & issuing) a purchase order + (approving & paying) for supplier invoices is often higher than the value of the item bought. Moreover, managing, storing & retrieving the associated documents becomes a costly, time-consuming hassle. As a result, many businesses keep funds at hand for such routine day-to-day purchases. Overtime, businesses have realised the potential of theft, loss or mismanagement of such funds. In distributed environments, the management of cash poses an even higher risk.

Using P-cards or Pre-Paid Cards for such purchases provides a low-cost alternative with enhanced spending controls. It provides purchasing oversight with a streamlined payment process & minimise risk & fraud.

Reloadable Pre-Paid Cards are a Panacea for Real Estate Management Companies

Real Estate Management Companies are vulnerable to a higher degree of risk & fraud. With multiple properties in portfolio, day-to-day management of properties is a daunting task. To keep properties operational they have to send money (check, wire, cash) to the property manager’s bank account. A risky proposition, indeed! Tracking, validating, managing & reconciling that spend becomes even more onerous & time-consuming

ExpenseAnywhere® provides a one-stop-solution to address the issues; Pre-Paid Cards. Safe, secure and reloadable, Pre-Paid Cards eliminate the costs associated with cash disbursement & the cumbersome legacy processes of managing & reconciling cash advances. It significantly reduces risk & fraud. Integrated with the PurchaseAnywhere® system, the solution offers innumerable advantages including:
  • Ability to create property-specific cards associated with the property’s bank account.
  • Instantly upload & download funds to or from a property card, minimising risk and loss.
  • Exercise control on card spend. Upload funds as needed.
  • Card transactions data is instantly populated in PurchaseAnywhere® System for allocation, receipt upload, approval & posting to ERP System.
  • Complete Integration with Yardi & Real Page eliminates AP data entry.
  • Increased operational efficiencies. Improved visibility into expenses.
  • Enhanced compliance with corporate policies. Advanced business intelligence & analytics.
Major Features
Prepaid Cards

ExpenseAnywhere® with its Partners issues VISA or MasterCard reloadable Pre-paid cards. The cards are FIDC insured & can be for one-time use or reloadable. If required, each card can be funded from a specific bank account.

Charge Authentication & Processing

The system empowers businesses to instantly authenticate a POS charge, providing control, visibility & minimising risk. The card charges are instantly posted to the PurchaseAnywhere® system for automating the entire process of managing & reconciling the card charges in compliance with corporate policies.

Receipt Matching & Validation Tech

PurchaseAnywhere® users can submit their purchase receipts via scan, e-mail, or fax or as pictures using the Mobile App. The proprietary OCR, ML and AI technology automatically attaches, validates & verifies the expense receipts with the card charges. The system highlights the expenses not in compliance with the corporate policies.

Client Speak

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Emily Hunt
CFO - McDonald’s

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Tony Edward
CMO - Air Asia

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Kelly Norma
Accounts Head - Beats

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Emily Hunt
CFO - McDonald’s

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Tony Edward
CMO - Air Asia

“Expense Anywhere has taken the pain out of expense management. Now it is just a matter of Click and Go. Simple.”

Kelly Norma
Accounts Head - Beats