KwikTag Software for Expense Management
An entire industry is devoted to expediting the expense report process, yet a critical component, the receipt, still bottlenecks the process. With travel on the rise and compliance regulations tightening, the need to track receipts continues. With KwikTag document imaging, scan your receipts from any local or remote fax, copier or scanner and link them automatically tothe associated expense transaction.
Receipt Digital Filing integrates KwikTag document imaging software directly into popular expense management applications from vendors such as CyberShift and Infor. These solutionsprovide electronic access to receipts directly from the expense management program, while storing the images on either a local or hosted server.
KwikTag's legendary flexibility is showcased in this solution with its ability to operate across the Internet. Launched in 2003, in conjuntion with its co-location partner L3 Communications, ImageTag's Outsourced Filing®was one of the first Software as a Service (SaaS) offerings for imaging. Today, nearly 200,000 users use Outsourced Filing to capture over a million pages per month!
ImageTag also developed KwikPaper, a slip sheet specifically designed to house receipts and odd-sized documents, for easy scanning at the copier or fax machine.
Why KwikTag for Your Expense Management Department? Compliance Makes Retention Mandatory
Today's regulations are tightening in all aspects of business from financial auditing, IRS rulings to Sarbanes-Oakley (SOX) creating additional burdens to operations. Increasingly, corporations are required to document processes and retain better records. It's no longer just nice to have a handle on your paper, but in many cases a must have.
Fast Return on Investment
By using digital images of receipts, the expense process is streamlined and expedited. Approvers can view receipts online for immediate processing and the need for centralized operations is reduced or eliminated. Overall, the savings can equal $10 per expense report, which adds up quickly for a large organization.
