There's a better way to manage multi-subsidiary expenses

Managing expenses across multiple entities and currencies has long been one of the most challenging financial operations for global, multi-subsidiary businesses, and a top priority for finance teams to solve.

Traditional expense management processes that rely on manual reports, reimbursements, and cross-department approvals result in bottlenecks for both the finance team and employees. Studies show that employees spend on average 24 minutes each day on expense processes, including expense reports, while businesses claim losses of around €800 per employee each month due to manual data entry.

This is why were excited to introduce you to Fyorin's comprehensive expense management solution, built to streamline multi-entity expenses with unprecedented control, visibility, and efficiency.

Expense Management Solution is here to simplify expense management finance teams and employees alike, and it works seamlessly with our successful virtual and physical card solution.Heres what you can expect:

• Faster Month-End Closing with End-to-End Automation. Simplify the end-of-the month reconciliation with automated categorisation of card transactions, pre-approved expense claims and real-time expense tracking and a dashboard that flags pending documentation.
• Minimised Delays and Receipt Chasing. Reduce manual work with pre-approved expense claims that auto-fill with card transactions and receipts. Missing data is flagged, and complete expense reports are ready for accounting- with zero manual effort.
• Enhanced Compliance and Business-Wide Governance. Retain full flexibility while maintaining compliance across borders. Our system automatically applies the correct VAT, GST, and tax rules based on merchant data and entity settings to minimise errors and guesswork.

All that with unmatched flexibility that comes without sacrificing control. Our system lets you configure ledgers, manual accounts and cost centres for various entities and maintain full visibility over spending. Want to learn more about how our expense management solution can transform your business?

Read the article on our blog or speak to sales - email us at [email protected]!

We’re excited to announce Fyorin;s collaboration with 发现金融服务公司 to deliver virtual cards designed to eliminate airline surcharges while providing wide acceptance, instant issuance, and cash back reward on each purchase.

• Maximise profitability by eliminating surcharges on commercial airline bookings, including and earning cash back on every transaction.
• Enjoy uninterrupted business operations thanks to the wide acceptance of Discover Card, even during high season
• Issue and manage virtual cards instantly through our online portal. Customise them to your business needs with merchant locks and the benefits of a prepaid card model with a debit allowance so that you never experience a decline for a small conversion variance on your bookings.

Perfect for travel companies, OTAs, and any business making regular airline bookings, our platform gives you access not only to Discover Cards but also our signature Mastercard virtual and physical cards for wide acceptance and, as always, a cash back.

Interested in requesting a Discover Card for your business? Reach out to [email protected] and keep an eye on our socials to learn when they are going live.

See you at...

March is a busy month for conferences and events, and we will be attending and sponsoring a few in the UK. Check the details below and, if you’d like to chat with our team during one of these events and skip the waiting, drop us an email at [email protected].

One of the best conferences for finance and technology professionals in the finance and accounting industry is back, and we are proud to be sponsoring it. Stop by stand E25 to learn more about the newest additions to our platform or simply see if we can help you reduce operational costs and increase efficiency when operating across multiple jurisdictions.

Learn more

We’re proud to partner with Buddy - Making Payroll About People for the Payroll Growth Summit Malta. This free virtual one-day event is a must-attend for payroll professionals looking for actionable insights into compliance, technology, and client success.

Learn more & register

This one-day event brings you the best and freshest insights on accounts payable from the leading companies in the space. As Gold Sponsors, we will be there to discuss native integrations with ERPs and managing payables across multiple currencies and entities. We also have a panel session, so make sure to stop by if you’re around.

Register here

NetSuite reseller or user? Join us at SuiteConnect in London at the end of the month to learn how our native, out-of-the-box integration can help you streamline payables, receivables, and expenses using one integration and one interface.

Register here

What’s next?

Our product is growing faster than ever as we stay true to our commitment to help businesses consolidate their global cash, automate financial processes and focus on diversification and growth.

Last month we launched physical cards and now we are adding Expense Management Solution to our offering.

Soon, we will also make our ERP integrations available for Expense Management to further streamline and automate end of month processing and global finance processes. Stay tuned for future announcements!

And of course, if you have any questions about these new features or any of our services, don't hesitate to reach out to us through the website or message me directly on LinkedIn or through email.

Thanks,

James Camilleri , CEO at Fyorin

PS. Our physical cards are also now available in the EEA!

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