The Accounts Payable function is one of critical importance to any organisation, but one which is often misunderstood and undervalued.
Poor understanding and low adoption of proper procurement process can lead to large volumes of unnecessary administration for you and your team, further complicating a process which can be difficult at the best of times. Handling travel can be particularly challenging, as fares can change during the course of the approval process, causing discrepancies between purchase orders and invoices. Fortunately, KDS can help.
Increase adoption and accuracy: KDS Expense makes it fast and simple for the end user to submit their expenses, removing a significant barrier to adoption. Company and department codes are filled in automatically, which increase the accuracy of the submitted expense reports and cuts down on administrative work for you.
Reduce discrepancies: With the KDS Corporate travel booking solution, all costs for travel and accommodation are shown up-front and held for a displayed amount of time, minimising the chances of discrepancies between POs and invoices.
Report the way you want: KDS reporting gives you a complete, customised overview of all aspects of your company’s travel and expense spend, allowing you to prepare monthly reports with ease.
Maximise supplier relations: See which of your travel suppliers are being most frequently utilised and which are providing the best value using the KDS Executive Suite. If you need to prove transaction volumes with particular suppliers, this information is available immediately on demand, helping you to get the best deals possible.
Reconcile with ease: Expense lines are automatically matched against their relevant trips, showing the full cost of a trip and removing the administrative burden of manual reconciliation.
