Proper provisioning is part of the ABC of proper accounting closes. As Controller or CFO you know that the act of provisioning for the next year will allow you to mitigate the impact of the risks. Captio will help you keep costs under control and provision more adequately.
Part of internal control is the fact that management analyses which risks could affect the organisation, documenting them, evaluating them and setting up strategies to address them. In fact, provisioning for the coming year, through the annual close, allows you to mitigate the impact of risks. To provision properly one needs to be aware of the costs. One of the common problems in accounting for expenses is being able to detect errors, especially in travel expenses, where the volume of receipts and the complexity of their review means that imbalances can appear. In this case, a good weapon for combatting this handicap is the use of Captio. This is a digital platform that helps you record, arrange and monitor these expenses. In this way, the resources will be provisioned in a way that is better tailored to the needs of the company.
Captio will therefore become an indispensable platform for managing travel expenses at different levels.The user captures the receipts using a mobile phone, and thanks to the OCR system that interprets the information, uploads the receipts to Captio and from there can send reports to the departments responsible for their review, subsequent validation and settlement.Through an integrated workflow, unified information is guaranteed, which is synonymous with data control and therefore prevents errors.In this way, the administrators responsible for validation and settlement can review expense reports with ease and without a paper version. And the finance department can use alerts, which are predefined in accordance with company policies, when there are receipts that do not meet the requirements.
Therefore, the use of Captio makes it much easier to keep travel costs under control, and indeed the overall expenses of the company too.