MIAMI--(BUSINESS WIRE)--TMF Group – one of the world’s leading providers of global business services – launches InternationalXpense, an online expense management solution that automates employee claims in over 80 countries worldwide, enhancing compliance, control and transparency throughout the process. Benefiting from the expertise of TMF Group’s in-country local teams, InternationalXpense takes managed expenses one step further by checking receipts for accuracy and validity in over 25 languages within the 84 jurisdictions that it operates, adding confidence to the client experience.
With InternationalXpense, businesses can better manage compliance risk by enforcing corporate travel and expense policies. Additionally, employee expenses are easily tracked, allowing for more accurate budgeting, while transparent processes reduce the time it takes for reimbursement. By eliminating the paperwork trail, InternationalXpense facilitates tax recovery and meets audit requirements, ultimately freeing up finance teams to focus on value-added activities.
Raimundo Diaz, Head of Americas at TMF Group, explains, “We have designed a standard global template that is customizable and tailored to fit a client’s organizational needs, whether they are a small company or multinational corporation. InternationalXpense streamlines the expense claim process and assists finance teams to drive compliance and prevent fraud.”
Available via desktop and as an app for smartphones and tablets, InternationalXpense is easy to set up and use with no specific IT infrastructure requirements to manage the system. Employees simply record expenses as they are incurred by electronically capturing and uploading images of their receipts, facilitating a paperless process. The intuitive interface has assisted data entry – claims can be itemized for a range of pre-determined expense categories. Through the tool, employees can also claim mileage and country specific allowances, enter the cost in local currencies and separate the cost of tax. InternationalXpense leverages TMF Group’s global reach to check and validate receipts according to local languages and currencies.
About TMF Group:
TMF Group helps global companies expand and invest seamlessly across international borders. Its expert accountants, legal, HR and payroll professionals located around the world assist clients with their corporate structures, finance vehicles and investments. With business services offered in more than 80 countries, TMF Group is the global expert that understands local needs. www.tmf-group.com.