Oracle Internet Expenses is a travel and expense management solution that streamlines expense reporting and establishes policy controls. It provides mobile expense entry, receipt imaging, flexible cash advances, and automated accounting/project allocations. It also offers robust audit capabilities, global support for per diems and mileage rates, and helps simplify compliance while providing data for analysis.
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1. ORACLE DATA SHEET
1
ORACLE INTERNET EXPENSES
KEY FEATURES
• Mobile expense entry and
approval
• Out-of-the-box bar coding
• Electronic image attachments
• Integrated receipt
management
• Flexible cash advance
management
• Automated support for
accounting and project
allocations
• Robust audit management
capabilities
• Global support for per diems
and auto-mileage
• Integrated help desk support
tools and notification alerts
• Level 3 corporate card data
for detailed reporting
• Support for entertainment and
fringe benefit compliance
• Receipt itemization and
allocation splitting
• Approval routing for
aggregated amounts by cost
centers or projects
• Duplicate expense report
detection capabilities
• Enhanced receipt
management with imaging
support
Oracle® Internet Expenses is a robust travel and expense solution
that streamlines and automates travel spend management and
establishes policy-driven controls for expense reimbursement.
Oracle Internet Expenses is part of Oracle’s Travel and Expense
Management solution, a seamless and comprehensive business
solution that helps you manage the 2nd
largest controllable category
of enterprise spend.
Streamline Expense Processing and Reduce Costs
Oracle Internet Expenses provides your organization with the tools to effectively
manage the travel and expense process. With flexible payment options, versatile
data entry methods, and personalizable user preferences, Oracle Internet Expenses
helps you to improve efficiency and maintain tight control of your expense
management process. At the same time, it provides you with accurate and timely
information on how and where money is spent.
Simplify Expense Reporting and Increase Compliance
Oracle’s Internet Expenses is a complete solution for global expense management.
It provides the detailed information needed by financial managers, along with
simplified data entry tools for employees. So you get tools that reduce
administrative headaches while still capturing actionable data for effective cost
management.
With Oracle Internet Expenses employees can enter and submit expense reports
quickly and easily. Credit card pre-population streamlines this task while
simultaneously reducing administrative time, increasing data accuracy, and reducing
opportunities for fraud. Incentives and rebates from your corporate card supplier
can also result in significant cost savings. Additionally, to support a workforce on
the go, Oracle Fusion Expenses iPhone application empowers employees by
providing the option to quickly capture expenses as they are incurred. Employees
can enter expenses in multiple ways such as creating expense lines from receipt
images and calendar entries or creating lines with quick entry or manual entry.
Expense entry is further streamlined by enabling the addition of attendees from
calendar events and address book and enabling the charging of expense lines to
projects and cost centers. Employees can enter expenses in a connected or offline
mode.
By automating entry, your organization can expect more timely expense report
submissions which impacts corporate rebates. Capturing select data elements such
as itemization of hotel bills and tax information provides your organization with
granular data for deeper spend analysis.
2. ORACLE DATA SHEET
2
Control Expenses with Flexible Audit Tools
Establishing enterprise-wide policies for travel expenses, reviewing reports for
compliance and identifying recurring deviations are best practices for effectively
managing travel spend. With Oracle Internet Expenses, process owners can shift
from reactive maneuvers to proactive metrics by setting policies, automating audits
for non-compliance and analyzing expense trends. This three-pronged approach is
vital for effectively managing enterprise spend for travel and business entertainment.
Reporting expense and policy violations to top management is simplified with a
multi-dimensional view of travel and entertainment expenses. These reports can
assist decision makers in forming new policies or evaluating employee compliance.
Recognizing the need for flexibility, Oracle Internet Expenses allows you to view
expenses by management hierarchy, by expense category, or by policy violation
types. Integration with Oracle Financials Intelligence offers immediate and detailed
visibility to top spenders in your organization. It also supports drill down
capabilities to review detailed expense receipts and expense policy violations.
Figure 1. Expense Audit Rules
Oracle Internet Expenses further provides capabilities to detect submission of
duplicate expense reports. These capabilities help organizations identify fraudulent
activities, minimize cost incurred due to multiple reimbursements and offer greater
visibility to approvers.
Routing expense reports for approval and enforcement of company policy is driven
through integration with Oracle Approvals Management engine. This simplified
interface offers the essential building blocks for flexible approvals and audits. By
supporting user-definable approval rules, providing unique views to verify expenses,
accounting and project allocations, Oracle Internet Expenses streamlines the
approval process. With relevant, actionable information, employees and their
managers can quickly respond to transactions requiring their attention.
Improve Employee Productivity
Oracle Internet Expenses delivers extensive functionality to increase workforce
productivity and satisfaction. One example is the integration of credit card data which
speeds entry and eliminates the need for employees to pay the credit card issuer for
business expenses. Oracle Internet Expenses offers strong support for digital receipt
management. It not only provides employees the capability to submit digital images,
including via fax, for faster reimbursements, but also gives organizations the flexibility
3. ORACLE DATA SHEET
3
to use these digital receipts as support documents for possible tax deductions. Other
tools that can be used to streamline the expense reimbursement process are expense
templates and user preferences which pre-populates key data fields during entry or
with the creation of new expense reports. After reports are submitted, users can also
withdraw submitted expense reports to make corrections and resubmit the corrected
report for approval. To support the need for entry on the behalf of others, authorized
delegates can enter expense reports for employees, or get approval authority for a
specified time or even indefinitely. Users can use this self-service application to get
real-time information on the status of their expense report by navigating to Oracle
Internet Expenses’ home page. By leveraging Oracle’s robust solution for expense
management your organization can dramatically improve employee productivity and
enhance user satisfaction.
Operate Globally
With the increased market reach created by the Internet, trading borders are
eliminated. To capitalize on global opportunities, businesses must understand and
be flexible enough to support a myriad of regulations, customs, and statutory
requirements. Oracle recognizes this changing business landscape and supports
your international business needs for multiple expense and reimbursement
currencies, languages, and character sets.
Per diem schedules in Oracle Internet Expenses support a broad range of locations
and mileage rules, time-based entry for per diems, as well as free meals or
accommodations. These integrated mileage schedules support cumulative distance
thresholds and vehicle attributes as optional rules for rate calculations. In this way,
regulatory reporting data is automatically captured, accurately reported and thus, can
be effectively managed.
Integration with Oracle E-Business Tax makes it configurable and scalable for
adding country specific tax content rapidly. Taxation on expense reports is
integrated with E-Business Tax for automated tax processing through the central
solution to improve consistency, accuracy and operational efficiency. Specific
merchant information fields can be enabled by operating unit to capture information
required for VAT reclamation.
Oracle Internet Expenses also provides extensive support for shared service centers.
Processing operations can be centralized using secure and flexible security profile
functionality. Global process owners can determine policy regionally, implement it
centrally, and enforce it consistently around the world, promoting accountability and
visibility across the enterprise.