“Petty cash is simply any physical cash your business keeps on hand to pay for small, unplanned expenses.” A simple way to automate your petty cash is by using our E-Flow solution. E-Flow helps to automate this process and ensures every purchase is tagged appropriately and accounted for. It performs multiple tasks in an integrated, automated manner to help reduce the burden on your resources.
What is E-Flow?
E-Flow is a no-code Business Process Management Solution. It facilitates the digitization of internal business processes, and also includes a customized dashboard that can be used by department managers and directors. The dashboard is dynamic and provides all the information that any stakeholder would need to have access to.
It will provide transparency into the system for all users, which is essential for internal controls.
Through this system, you can reduce costs by using less paper and time for approvals and increase efficiency through automation of tedious tasks. You can also improve management control with timely access to data.
The process is simple and convenient:
- Receive all petty cash requests
- Verify that the requests are valid
- Approve them online
The one-step process will save you time while increasing accountability and accuracy. Did you know companies can become more susceptible to fraud and compliance breaches if they do not have a system in place to manage their petty cash? Luckily, this automation tool helps to prevent such breaches.
All of your petty cash requests will be filed in one location when you utilize our automation tool. Thus making it simple to discover and track requests. It will also post accepted petty cash requests promptly, saving you time and improving your efficiency.
Given that everything is digitalized in one place when using a cloud-based system, keeping track of your petty cash spending is incredibly simple. As opposed to having tons of paperwork dispersed among offices or with several employees or contractors, it is much more difficult to keep track of information.
The best part about E-Flow is that you can approve petty cash anywhere, anytime as long as there is Internet access.
Want to see it in action?
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