Once a spender has the card in their hands, you rely on honesty and a strong company culture to keep spending in check. And in both cases, they should (in theory) have approval from a manager before a penny is spent.īut as a finance team, you have very little control over this.Ĭlassic spending methods - credit cards and expense claims - aren’t designed with control in mind. You have employees spending on behalf of the company - either online with a credit card, or out in the field. The best example of managerial approvals is company spending. Build managerial approvals into finance tools The platform does the police work for you. You build the policy, limits, and approvals into the system, so they don’t even need to know the rules. When a team member needs to spend, they simply log into the platform and follow the steps. Spend management tools are a good example. So you need to create spending processes that feel natural, are simple, and keep them on-policy as a matter of course. They just don’t know the correct procedures and find the information hard to find.įinance teams want rules employees want convenience. Here are two valuable principles to follow: Create easy-to-follow processesĮver notice that other teams don’t take the same level of care with company money as you do? It’s probably not because they don’t care about the company. You’re there to ensure that spending is responsible, that team members do what they’re supposed to, and to keep the company safe. Please note: iFinance 5 is no longer available for Apple Watch.In many companies, this is the finance team’s first, second, and third goal. When you buy the Mac version, you automatically get the iOS and iPadOS versions with your purchase – and vice versa. IFinance 5 is available for Mac, iPad, and iPhone. Want to confirm whether the standing order for your rent payment was executed two months ago? Use iFinance 5 to find out in the bat of an eye! Want to look up how much you paid for your TV four years ago, and find the corresponding invoice? If this type of task requires you to get up and browse through folders or boxes full of paperwork, you'll love iFinance's integrated search tool. How much money is there left for you to spend today or this month without stretching your budget? How much more do you need to earn in order to hit your monthly income target? Review your financial goals using the app's actionable budgets. IFinance offers a broad range of easy-to-customize charts and reports. – Add file attachments to specific transactionsĬharts, Reports, Budgets, and Budgets Analysis – Supported file import formats: CSV, OFX, QIF, MT940 – Handle different currencies in one database – Analyze expenses, income, losses, and profits – Contacts (including contacts' bank details) – Categories (including automatic assignment) – Retrieve your account transactions – now available for banks in the US and Canada (requires a paid subscription) It can analyze your finances and helps you identify your biggest spending items and any categories with saving potential. Want to find out how your assets are performing? Or why you keep maxing out your bank account each month, leaving you to wonder where your salary actually goes? Is it current expenses such as rent, insurance, food or loans? iFinance has all the answers. The app's automatic category assignment, tags, budgets, and analytics tools help turn your account history into much more than just a list of bare numbers. iFinance's convenient evaluations and charts provide an at-a-glance overview of your income streams and expenditures so that optimizing your finances becomes a breeze. IFinance helps you keep track of your income and spending in the most convenient and fastest way. For a limited time only – 50% launch discount!
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