MSRcosmos group to facilitate the digitization of Travel and Expense management through TrackEx
June 30: TrackEx provides new age solutions to revolutionise the Travel and Expense management systems in organizations, with technological innovation and socio-environmental accountability being at its forefront.
TrackEx is a comprehensive travel and spending management software that operates throughout Asia-Pacific and Australia. It’s a complex system that allows employees to easily book work-related travel and tracks expenditures, users and roles, accounting, auditing, and compliance via well-structured reporting and real-time data. The software can help firms overcome travel expenditure management, visibility, and the danger of making bad spending decisions.
Businesses are putting more emphasis on providing better travel, cost, and payment experiences to their employees. The pandemic has pushed consumer use of simple digital tools, and employees want comparable experiences at work. “We’ll see an increase in occasional business travellers who travel to corporate offsites or headquarters for critical meetings on a regular basis. Because more workers are working from home, team activities will be held in a variety of locations, resulting in a new category of occasional business travellers who previously did not travel for work but now do.TrackEx solutions have taken into account all of these parameters brought in as part of the post-pandemic world.” Said Mr. VedavyasKomara, COO, TrackEx.
TrackEx simplifies the post-pandemic business trip travel and cost management process by including all of the essential features such as 24×7 support service where users may contact someone in the firm if they need assistance with the program. TrackEx consolidates data from multiple sources and generates reports with advanced analytics. TrackEx’s mobile app makes it easy to managespends within the organization. Employees only need a reliable internet connection to view or transfer information anywhere. Through the app, employees need not manually fill in their expense related data, they can simply hold the smartphone over the receipt to get a photo and tap once to submit it.
An expense management ecosystem such as TrackEx becomes essential for organizations in the post pandemic era as employees can save essential time to dedicate the same to their work and take sufficient time off. Following implementation of TrackEx, total productivity in the organization can rise by up to 40%. TrackEx guarantees a 30% savings on travel costs because of its competitive inventory pricing. It provides a simple travel booking process and a user-friendly solution. This technology also reduces the amount of work that managers and supervisors must do. Timely payment lowers queries and, as a result, can contribute to higher employee satisfaction. It provides near-real-time access to consolidated data to evaluate expenditure trends and make educated decisions.