New Web-Based Expense Management for Oil, Gas, Renewable, Mining & Downstream Trading Launched

LONDON - Feb. 23, 2016 - PRLog -- Time-writing and employee expenses, once considered a rather dull finance activity, is now top of the agenda for cost recovery in the Energy Sector.
TouchstoneEnergy is now offering Oil, Gas, Mning, Renewable Energy and Downstream Trading Industires the opportunity for rapid ROI and total cost control with a complete, integrated and accurate expense management solution.

ExpenseFlow is a Web-based Expense Management application that delivers immediate return on investment (ROI). ExpenseFlow records expenses accurately and integrates seamlessly with your financial management system. Expenses can be managed by type, date, currency and rate.

Configurable Business Rules ensure that users only claim expenses in line with company policy such as a maximum daily values for mileage, hotel expenses or subsistence. Users can record out-of pocket expenses, attach receipts and allocate expenses against the relevant Ledger Analysis, sending the claim to their line manager for authorisation.

Once completed and approved, ExpenseFlow automatically forwards the claim onto the finance department for final validation, before updating and posting to financial ledger.

Why TouchstoneEnergy?

TouchstoneEnergy is the leading IT supplier to the interna-tional energy market. Our systems support $15 billion of investment in oil and gas appraisal, exploration and development. Our expertise spans accounting, procurement, business process management, supply chain management and asset management designed specifically for the oil, gas and renewables sectors. Some 850 users in 44 countries use real-time, multi-currency, multi-lingual solutions from TouchstoneEnergy.

www.touchstoneenergy.co.uk

energy@touchstone.co.uk