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Introduction

Introduction. CMS Overview Product Overview The Invalink Tax Reclaim Bureau Service ExpenseWeb Invapay Questions. CMS Overview. Specialist software company based in Altrincham Cheshire Major player in Card Management and eInvoice Processing Solutions Over 250 users

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Introduction

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Presentation Transcript

  1. Introduction • CMS Overview • Product Overview • The Invalink Tax Reclaim Bureau Service • ExpenseWeb • Invapay • Questions

  2. CMS Overview • Specialist software company based in Altrincham Cheshire • Major player in Card Management and eInvoice Processing Solutions • Over 250 users • Partners - HSBC - Barclays • RBS - Data Cash • - OB10 - Scan Vision

  3. Product Overview • ReportaMI • Management Reporting for Cards • ReportaXL • Card Management and Workflow • StatementWeb • Intranet Cardholder Module for ReportaXL • ExpenseWeb • Intranet Cardholder Module for ReportaXL • Invapro • eInvoice workflow solution • Invalink • Links electronic eInvoices to card transactions

  4. Purchasing Cards and Tax Reclaim • Recent research has reported that on average users only achieved 7% of spend on a programme • Main reason given (54%) was supplier acceptance and supplier vat capability • Using non vat capable suppliers increased admin for cardholders and AP • In some cases corporates simply do not reclaim vat at all

  5. Corporate File Analysis (12 months) • Total Number of Transactions = 6,360 • Total Value of Transactions = £1,130,593.00 • Number of transactions with VAT = 2,352 • Value of transactions with VAT = £385,536.00 • % of transactions including VAT = 34.1% • Number of transaction with NO VAT = 4,008 • Value of transactions with NO VAT = £745,057.00 • % of transactions with NO VAT = 65.9% • Amount of VAT not claimed = £110,965.94

  6. The Invalink Tax Reclaim Bureau for users of Purchasing Cards

  7. The Invalink Tax Reclaim Bureau for users of Purchasing Cards • Combines Card Management and eInvoicing technology • Users send their Transaction Files to the Bureau • Card holders and suppliers send their invoices and receipts (inc till receipts) for non vat transactions to the bureau • The bureau will chase suppliers for invoices and receipts

  8. The Invalink Tax Reclaim Bureau for users of Purchasing Cards • Invoices and receipts are sent off for scanning and ICR text file • Advanced transaction processing software links transactions to invoice data • Vat Tax amounts and LID (if required) are copied to relevant transactions • Enriched transaction file is sent back to corporate including invoice images linked to relevant transactions • MI and Transaction Management Software provided for corporates to view and export data

  9. ExpenseWeb • Corporate Card Expense Management • Up to 16 user definable expense types • Each expense type can be assigned an finance/expense code • MCC codes can be mapped to expense types so transactions can be auto assigned to finance / expense codes

  10. ExpenseWeb • Cardholder log on via the Intranet and view a pre-populated expense claim form • Cardholders and Line Managers can approve transactions • A dash board offers a real time update as to which cardholders claims are outstanding. • Coded and approved transactions can them be uploaded in to finance ERP systems. • Extensive reports are available

  11. Any Questionswww.cmsinternational.co.uk

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