Expense on Demand: Streamlining Financial Management for Modern Businesses
The ongoing expansion of the FinTech industry, particularly the expense management vertical is a result of growing financial awareness across the globe. However, challenges like data security, regulatory compliance, and seamless integration across various platforms pose hurdles. Navigating these complexities is vital for sustainable growth and delivering enhanced financial control to businesses. Expense On Demand, a leader in the financial technology (FinTech) segment, established over 20 years ago, distinguishes itself through its effortless integration of inventiveness, effectiveness, and client-centricity. The company simplifies the complex environment of financial management and employee expense reimbursements with a user-friendly interface and powerful capabilities.Expense On Demand's success is underpinned by a strong technology infrastructure that facilitates expense management and offers tailored options for organizations of all sizes. Its dedication to foreseeing market demands and providing accurate solutions reinforces its standing as a market leader, allowing clients to concentrate on their core business as the platform effortlessly handles their employee expense management administration.
Built to Bridge Gaps
Contrary to the common belief that SMEs have simple needs, today's reality showcases a different picture. Many SMEs, despite their size, operate across multiple countries and cities. They seek automated solutions with minimal manual involvement, often accessed through mobile devices 24/7. Expense On Demand caters to this very need of its clients, simplifying the process through innovative software products.
Focused on serving the SME market, Expense On Demand seamlessly integrates with leading accounting applications like Xero, QuickBooks, Sage 50 & 200, and Tally. This integration significantly reduces the time finance teams spend manually exporting receipts and expenses into the accounting systems some times, customers approach the firm specifically for its exceptional integration capabilities.
“Our objective is to provide affordable and modularized solutions, starting at 40 percent less than competitors, allowing customers to pay only for the functions they utilize. Flexibility is key - during events like the Covid pandemic, customers can adjust usage levels and expenses accordingly, paying only when needed. We are committed to offering a leap in value to our customers in a manner where the cost of our application never pinches their pocket. To this end, our goal is to offer payback within 90 days”, shares Sunil Nigam, the CEO of Expense On Demand.
Recognizing the diverse landscape of accounting apps globally, the firm offers Open APIs, enabling integration with any accounting application that utilizes APIs to consume or push data to Expense On Demand. This extends to integration with HR, Payroll, CRM, and other applications that require data interaction with Expense On Demand. For applications that can't access data through the internet or Cloud, the firm provides a flexible offering allowing customers to swiftly build reports and export data into their respective applications.
Because employee expense management is one of its flagship offerings, Expense On Demand offers a unique approach to it, recognizing that duplicate expenses can be a pervasive challenge, often over looked in traditional paper based systems. Through advanced AI and ML capabilities, the application diligently monitors user behavior, swiftly identifying potential duplicate expenses.
“Our AI-driven system raises a red flag when a duplicate expense is detected, empowering finance managers to take informed actions. The system not only notifies Claimants of potential duplications but also equips approvers with detailed insights and justifications, enabling them to make well-informed decisions, reinforcing transparency and accountability,” adds Sunil.
With the aim of keeping ahead in the digital realm, Expense On Demand stays abreast of deceptive practices, promptly flagging shared receipts submitted by multiple claimants. This enhancement, coupled with capturing receipt numbers for high-value items, ensures a comprehensive and robust analysis, bolstering stakeholder confidence in the accuracy and validity of expense submissions. Expense On Demand's innovative AI and ML driven features underline the firm’s commitment to providing a seamless and trustworthy employee expense management solution, redefining industry standards and assuring financial integrity for businesses.
Future Roadmap
With an impressive history spanning over two decades in the industry, Expense On Demand has successfully reached users across 96+ countries. The firm’s core philosophy revolves around customer-centricity, placing utmost importance on user experience and interface to establish a strong rapport with the diverse customer base. The firm’s relentless commitment to excellence is evident through the continuous efforts to deliver an exceptional product. Expense On Demand passionately believes in earning customer loyalty through exemplary service rather than enforcing the use of its products. This commitment to value is reflected in the company’s flexible monthly contracts, offering customers the freedom to choose discounts, setting it apart as a unique and customer-focused entity in the global market.
Expense On Demand aspires to be the top choice for SMEs seeking an employee expense management application. The company’s approach is to provide customers with a robust suite of functionalities that can adapt to each stage of their business growth. Demonstrating a commitment to continual improvement, the company introduces 4 to 6 new enhancements and functions monthly.
The team’s ambitious roadmap for the next few years includes the rollout of AP Automation, Leave Management, Travel Management, Sales Automation, and seamless integration with other fintech companies. This integration will empower customers to facilitate payments directly from the Expense On Demand application to claimants and suppliers, promising an even more efficient and integrated expense management experience for SMEs, reflecting a promising trajectory for the company.
Expense On Demand's innovative AI & ML-driven features underline the firm’s commitment to providing a seamless & trustworthy expense management solution
“Our AI-driven system raises a red flag when a duplicate expense is detected, empowering finance managers to take informed actions. The system not only notifies Claimants of potential duplications but also equips approvers with detailed insights and justifications, enabling them to make well-informed decisions, reinforcing transparency and accountability,” adds Sunil.
With the aim of keeping ahead in the digital realm, Expense On Demand stays abreast of deceptive practices, promptly flagging shared receipts submitted by multiple claimants. This enhancement, coupled with capturing receipt numbers for high-value items, ensures a comprehensive and robust analysis, bolstering stakeholder confidence in the accuracy and validity of expense submissions. Expense On Demand's innovative AI and ML driven features underline the firm’s commitment to providing a seamless and trustworthy employee expense management solution, redefining industry standards and assuring financial integrity for businesses.
Future Roadmap
With an impressive history spanning over two decades in the industry, Expense On Demand has successfully reached users across 96+ countries. The firm’s core philosophy revolves around customer-centricity, placing utmost importance on user experience and interface to establish a strong rapport with the diverse customer base. The firm’s relentless commitment to excellence is evident through the continuous efforts to deliver an exceptional product. Expense On Demand passionately believes in earning customer loyalty through exemplary service rather than enforcing the use of its products. This commitment to value is reflected in the company’s flexible monthly contracts, offering customers the freedom to choose discounts, setting it apart as a unique and customer-focused entity in the global market.
Expense On Demand aspires to be the top choice for SMEs seeking an employee expense management application. The company’s approach is to provide customers with a robust suite of functionalities that can adapt to each stage of their business growth. Demonstrating a commitment to continual improvement, the company introduces 4 to 6 new enhancements and functions monthly.
The team’s ambitious roadmap for the next few years includes the rollout of AP Automation, Leave Management, Travel Management, Sales Automation, and seamless integration with other fintech companies. This integration will empower customers to facilitate payments directly from the Expense On Demand application to claimants and suppliers, promising an even more efficient and integrated expense management experience for SMEs, reflecting a promising trajectory for the company.