Globalization has broadened the horizons of business and marketing making it challenging for the Companies to grab hold of good opportunities and make profitable business. As time evolves, business practices need to be modified to pace with the upbeat market. Thus to compensate the need and provide a platform to all the organizations, Farsight has devised Expense Insight Solution.
Farsight’s Expense Insight Solution is an in-house developed solution that has been designed to cater every company’s need. It is an enterprise class solution that has been developed using Microsoft’s .Net Technology. The goal of this process is to manage complete integration of all processes involved in a business trip and the travel expenses incurred during any process.
With Farsight’s Travel Management plugin, the employee can proceed by requesting on the Employee Self Service Portal to plan a trip. The portal forwards the request to HOD for approval. If the request is approved, the HR Team checks the accounting the travel expenses and the correct taxation in Payroll Accounting, correct posting of the travel expenses in Financial Accounting, and clearing in Controlling or Funds Management according to the allocation-by-cause principle.
Farsight’s Expense Insight Solution manages expense budgeting of different departments. The Expense Insight Solution monitors all kinds of expenses of each employee, either planned of unplanned apart from their CTC in multiple currencies to support its working worldwide. The tool is loaded with features like:

  • Pre/Post Approvals of Employee’s Expenses
  • Online Expense Claims for Reimbursements & Approvals by Finance Department
  • Proof Attachment for Authentication of Bills
  • Partial Approvals/Rejections by HODs or Finance Department
  • Claim Status Tracking for Employees
  • Email Notifications for Employees, Team Leaders, and HR-Finance 
  • SMS Notifications (possible through customization)
  • Delegation of Expense
  • End To End Audit Trails
  • Automatic Approvals on predefined criteria

Human resource management is an upscale affair and proves to be the most productive in the business. Integrating HR effectiveness with ERP system ensures that human capital is strategically aligned with business objectives and effectively manages to increase returns on investment. Farsight’s HR Solution helps you to have a closer look and monitor strategic planning that’ll ensure prosperity in business with healthy margins. The tool provides flexibility in its installation and usage

  • Configurable Workflow Check
  • Configurable Policies According to company’s Needs
  • Configurable Multi-Level Approval by the Authorities
  • Parallel Approvals
  • Integration With 3rd Party ERP Solutions(possible through customization)
  • Configurable Claim Escalation Hierarchy
  • Configurable Look & Feel (Home Page, Logo & Color Settings)
  • Recall Claim Configurations
  • Configurable Color Coding
  • Configurable Workflow
  • Configurable Policies
  • Configurable Multi-Level Approval
  • Parallel Approvals
  • Integration With 3rd Party ERP Solutions(possible thru. customization)
  • Configurable Claim Escalation Hierarchy
  • Configurable Look & Feel (Home Page, Logo & Color Settings)
  • Recall Claim Configurations
  • Configurable Color Coding
  • Configurable Workflow
  • Configurable Policies
  • Configurable Multi-Level Approval
  • Parallel Approvals
  • Integration With 3rd Party ERP Solutions(possible thru. customization)
  • Configurable Claim Escalation Hierarchy
  • Configurable Look & Feel (Home Page, Logo & Color Settings)
  • Recall Claim Configurations
  • Configurable Color Coding

Farsight offers robust business intelligence tool that creates a predictive and analytical environment that makes the organizational processes goal oriented. Farsight’s tool portrays an analytical picture of the development, creation, implementation, maintenance, and assessment of workflow and aligns them with available resources. The tool has been running live with 100% success rate and is trusted by professionals all over the globe.

 

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