Acumatica's Advanced Expense Management Datasheet

expense datasheet
Acumatica’s Advanced Expense Management is designed to improve expense accuracy for accounting, project costing, and billing. The software automates expense recognition, importing, and processing. Expenses and receipts flow through to the project accounting system for improved project costing and more accurate customer billing. You can:
• Shorten expense cycles
• Map credit card categories to related expense accounts
• Link corporate credit cards to employees and add push notifications
• Scan and submit receipts on mobile devices with automated flow through to projects for 
   billing and costing
Eliminate Manual Processes with Smart Matching, Alerts, and Automated Feeds 
Save time and minimize errors with automated credit card transaction imports, smart matching with artificial intelligence and machine learning, and push notifications to 
remind employees to submit expense receipts via their mobile device.

Configure connections to more than 14,000 financial institutions to synchronize credit 
card transactions with Acumatica. Connections take minutes to configure with flexible 
schedules and multiple levels of security, including Multi-Factor Authentication (MFA), 
Advanced Encryption Standard (AES 256), and Transport Layer Security (TLS).

Default settings identify and automatically match expenses to general ledger accounts. 
For example, companies can define an office supply store expense to post to the office 
supplies GL account automatically. Further, artificial intelligence identifies which 
transactions are already in the system and automates the categorization of new 
transactions. Machine learning improves future import and matching processes by 
adjusting match algorithms to refine system accuracy.

Advanced Expense Management automatically creates expense receipts from new 
credit card transactions. Remind employees to submit scanned receipts via their mobile 
device with email or text message push notifications. This process significantly reduces 
the time spent chasing down receipts and improves expense accuracy for accounting, 
project costing, and billing. 
Key business benefits
• Associate expenses for service management appointments for improved costing and billing.
• Get expense data faster with automated reporting and analysis.
• Eliminate manual credit card statement imports with automated bank feeds imports.
• Automate expense receipt creation and attach them to bank feeds.
• Send push alerts to remind staff to submit expense receipts.
• Eliminate manual matching with smart matching.

Download Advanced Expense Mgmt. Datasheet PDF