Expense Allocation

EAS Expense Allocation System

Transparent, efficient, and accurate expense allocations.

EAS Expense Allocation System Overview

The existing process for allocating expenses across entities is notoriously convoluted and opaque. Manual allocations – typically done in nested Excel workbooks – are overly complex, lack standardized controls, and are potentially fraught with inaccuracies.

Without transparency and clear oversight into the allocation process, firms run the risk of having reimbursements fall through the cracks or inadvertently misallocating expenses. Examinations initiated by Dodd-Frank have confirmed these issues industry wide. As a result, the SEC has explicitly stated that expense allocation is an investigative priority.

IntegriDATA Expense Allocation System (EAS) brings control, consistency and precision to expense allocation through centralization and straight through processing. Using EAS, accounting and compliance can be confident expenses are allocated timely and accurately each and every time.

EAS Expense Allocation System Benefits

Enhance Security & Ensure Compliance
  • Add transparency and oversight to the expense allocation process
  • Ensure allocations are performed in accordance with offering documents, fiduciary duty and SEC expectations

 

Strengthen Internal Controls
  • Consolidate management of invoices, expense data and allocation rules
  • Gain oversight and control with user entitlements and workflows

 

Enhance Reporting and Audit Trails
  • Easily generate reports for management or compliance
  • Detailed audit trails by user, fund, vendor invoice and more

 

Improve Efficiency
  • Automate the expense allocation process
  • Improve productivity and reduce waste

 

Increase Accuracy
  • Automatically process expenses and minimize the chance for human error
  • Centrally manage expense allocation rules and ensure consistency

EAS Expense Allocation System Features

Core Features
  • Automatically Calculate and Apply Sharing Percentages
  • Automated Accounts Payable
  • Integration with Leading General Ledgers Systems to Instantly Book Allocations as Journal Entries (QuickBooks, NetSuite, VPM, and more)
Other Features
  • Invoice Workflow and Approval
  • T&E Expense Reports and Workflows
  • Automated Invoice and T&E Receipt Capture
  • Vendor and Agreement Management
  • Cost Center Reporting
  • Customizable Workflows
  • Allocation and Expense Reporting
  • Comprehensive Audit Trails
  • Intercompany Subledger
  • Budget, Accrue, and True-Up Expenses
  • First Class Support

Read the brochure to learn more.

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expense allocation mini brochure
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