GRN: The Better Payments Process Company
GRN enables enterprises and institutions to reduce their Variable Expense operating costs, with resulting efficiencies helping to optimize overall organization return on investment, vital in public corporations or institutions, and to dramatically improve oversight and governance.
Our pre-ledger screens transform Variable Expense and Payment management processes by enabling front line accountability so our customers drive out exceptional operating costs and benefit from increased financial controls, increased cash management capability, SOX compliance, and improved productivity. Process convenience and quick adoption ensure users have more time for providing improved customer service. Reduced administrative staff resources can be re-deployed or efficiencies realized. No new IT or software investment cost is required.
GRN software as a service solutions operate on and leverage technologies currently available in most organizations today: email communications, accounting, inventory controls, contract records etc. We suggest available e-payment tools such as p-cards and stored value cards where read-only electronic transaction files can be integrated into e-forms to improve reporting or payment initiation, accelerate one-time approvals, and take advantage of “no re-key” data linkages into accounting, banking, audit and other management functions.
Why automate?
- “every dollar saved in expenses is the equivalent of $13 in generated revenue” (CFO Magazine, December 1996)
- Automating expense management is recognized by Deloitte Consulting and American Express as the most significant best practice in expense management
- Travelers in companies that employ automated expense reporting systems spend and average of 33% less time preparing expense reports than those in other best practice compan ies. (VISA International)
- Aberdeen has reported as many as 82% of companies use rudimentary off-line, manual and spreadsheet applications whereas only 9% use more advanced web-based expense manageme nt applications (Aberdeen Group 2001)
Realize productivity gains.
Realize financial controls and cash management.
Improve spending data available for strategic management decision-making and oversight.