New travel expense management service for mid-sized companies
Published: 30 Sep 2008
KDS has launched the first travel expense management service designed for mid-sized companies.
The service, KDS Express, is a hosted solution, SaaS (Software as a Service) available from any Internet browser.
Preconfigured to meet the specific requirements of small and medium sized companies, KDS Express can be deployed in less than four weeks. Requiring no IT skills, clients automatically benefit from ongoing product enhancement without any additional cost.
"The mid-market is still largely under-equipped although we note a strong demand. It was essential for us to design a product for this segment that benefits from our large account know-how. Now enterprises of all sizes will have access to the full power of a unified travel and expense solution," said Stéphane Donders, GM, KDS.
"While companies have a lot to gain by automating their travel expense management processes, a study we conducted on the subject last July shows that, in Great-Britain, expense reports are still entered on a spreadsheet in 68 percent of cases."
KDS Express unifies business trip booking, expense reporting and invoicing within a single service. An intuitive user interface guides users through making a trip booking and then makes sure that they do not need to re-enter the same details on their expense claim.
Its key features are: Management of expenses and travel reimbursement policies; Offline entry of expense reports; Configuration of accounting processes and assignments (accounting, costs, etc.); Reporting; Tracking of taxable benefit data for legal declarations e.g. DADS, P11D etc; Expense-account, invoice and trip approval engine; Powerful fare engine comparing the various travel option in order to selects the best fares according to the organisation's policy; Data import/export: integration of corporate card, lodge card, supplier invoices HR data and export of expense and invoice to the accounting system.
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