Say goodbye to disconnected spend data.
Managing spend data from multiple sources is a complex challenge that requires precision and efficiency for finance leaders to eliminate data discrepancies and streamline financial reporting. Disconnected systems, manual processes, and inconsistent data updates hinder financial accuracy and operational efficiency. Cornerstone’s new Spend Management platform eliminates those challenges.
This new platform enables seamless travel and expense, invoice, payment, and human capital integration solutions to empower businesses by unifying their data streams, eliminating manual effort and errors, and unlocking actionable insights. Its advanced automation ensures real-time synchronization and customizable solutions tailored to finance leaders’ unique needs, ensuring that your systems work together effortlessly.
Check out how Cornerstone’s single, integrated Spend Management platform can transform your financial operations with the latest and most enhanced visibility for smarter decision-making.
Expense
Smooth integration of expense data
The Spend Management platform automates the integration of disparate data sources into top expense platforms like SAP Concur’s long list of ERP, supply, and a variety of critical financial systems. The expense data platform ensures accurate and timely synchronizations across your vital management systems by unifying data between multiple systems.
- Effortless Data Capture: Scheduled or on-demand, automatically capture and transfer expense data from various sources (including receipts and reports) directly into your ERP, AP, or payment platform.
- Satisfy Unique Customer Needs: Offering powerful microservices that enable personalized data mapping, transformation, and validation, ensuring seamless integration with any financial system while accommodating specific business requirements.
- Compliment Inflight Data Interaction: Real-time data interaction without interrupting other data flows to your ERP.
Invoice
Fast and accurate invoice processing
Say goodbye to the days of manual invoice entry and endless reconciliation. With Cornerstone’s automation, invoice data and supporting documentation seamlessly integrate into payment and accounting entries in ERPs, connecting data, processes, payment status, and outstanding liabilities for a streamlined workflow.
- Manage Cash and Incentives: Provide AP and financial managers with real-time liability management and payment processing.
- Precise and Accurate: Ensure accuracy with automated three-way matching and validation against purchase orders and receipts.
- Reduce Manual Errors and AP cyCycles: To eliminate human intervention, we will lower the cycle time for processing documents and invoices while removing manual touches t
Payment
Super easy payment management
Manage your payment data flows through a single, integrated platform. The payment management feature syncs vendor and employee payments and provides instant access to expense or invoice details, and payment status to payees.
- Automated Payment Workflows: Automate the flow of approved payment schedules, ensuring timely transactions.
- Your Payment Choice: Use your providers, credit cards, or banking partners to pay and ensure your data gets into your ERP and employees’ hands.
- Payment Visibility: Sync data on payment status and history to help you manage cash flow.
Human Capital
Optimize human capital processes.
The Spend Management platform’s human capital processes integrate your human capital management data with other enterprise systems; automating hires, terminations, organization hierarchies and access to spend platforms. Connect to domestic and international payroll platforms to process timely payments for employee reimbursement.
- Trusted Data Sync: Ensure that all systems reflect the most current employee information, reducing discrepancies and manual corrections.
- Efficient Employee Management: Simplify onboarding, offboarding, and other HR processes with automated data updates.
- Consistent Reporting: Reports are more accurate within each system and across all systems, as the data is consistently updated and synchronized.
Spend Analytics
Unified spend visibility and control
Gain a complete view of your organization’s spending. Cornerstone’s Spend Management platform consolidates spend data from various sources, providing insights and control over your financial landscape.
- Forecast Collection of Direct and Indirect Spend: Advanced data analysis techniques deliver insights to make informed decisions and drive improved business outcomes.
- Data Quality You Can Trust: Data profiling is essential for establishing confidence and trust. Cornerstone examines and analyzes data to ensure its accuracy, consistency, completeness, and relevance, providing a comprehensive assessment of your organization’s data quality and empowering critical decision-making.
- Have It Your Way: Cornerstone formats and loads data into customer systems or third-party platforms to support business intelligence and scenario planning.
Unify your data, automate workflows, and unlock actionable insights with Cornerstone’s innovative Spend Management platform. It’s time to leave behind the burden of disconnected systems and embrace a seamless, connected future.
Unlock greater power with Cornerstone’s Spend Management platform today—sync your data, eliminate the hassle, and free up time to drive your business forward.
Ready to simplify your financial operations? Try Cornerstone today!
