ExpenseLogic

4.7 (27)
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Cloud-based expense management solution

About ExpenseLogic

ExpenseLogic is an expense management solution that utilizes advanced machine learning (ML) Capabilities to streamline end-user experience and improve overall reporting capabilities to allow for AI recommended reports based on the aggregate data.

ExpenseLogic’s web-based portal maintains data reporting through advanced business operations information, such as vendors, invoice detail, payment/financial details, MACD orders, contract/lease terms, and asset inventory enabling organizations to manage multiple vendors, end-users, and purchases daily.

ExpenseLogic offers various software modules including, invoice processing for the accounts payable department that provides a well-rounded accounting software that includes check writing and Accrual file capabilities along with a direct interface with any accounting or ERP system. The document management module allows the end user to view a full invoice document as it is attached to each account number each month. The invoice images can also be filtered and downloaded at one time for quick email to interested parties. Interface with various imaging software such as Image Now or Scan One is also an option.

ExpenseLogic provides contract management tool that helps create a repository of contract images and details. An email notification system allows for the end user or multiple people to be emailed at a specific interval before contract expiration. The details of the contract, including SLA's, can also be outlined for quick access during the invoice audits.

The Expense audit allows each invoice to be audited by line-item detail. Each charge on an invoice can have a specific limit set that will identify overcharges on the Exception report. This area of the software is truly the most detailed in the industry as it allows for tracking of errors and disputes with the vendor and a dashboard that shows credits pending and received. This section allows multiple people to view and work an error for the different invoice types, telecom, utility, wireless and IT.

Asset Management is a section that can house assets for IT such as PBX or router information or for utility, HVAC, or other equipment at a specific address. The details of the equipment can include lease, warranty, and reasonable value for buyout purposes. This information is managed by the Site Manager dashboard that allows a quick view of the invoices, monthly charges, and equipment at a physical location.

The MAC ticketing system allows for orders to be placed and tracked throughout the full lifecycle of a service, phone line, circuit number or utility meter. Orders can be placed and automatically assigned to the support team for fulfillment based on the type of service or availability. Service Now can interface with ExpenseLogic for a push/pull of data to allow your end users to continue using Service Now.

The Reporting Analytics is endless with adHoc reports that include budgeting, cost per square foot, patient, user, etc., Accrual files, Exception, Year over year, Comparison with date or location, zero usage reporting and multiple wireless report along with a full complement of energy reporting to include Co2 and Sustainability reporting to interface with Energy Star or other ESG required vendors. Vacant Cost Recovery reporting assists those companies tasked with managing multiple properties and meters. SQL reporting is an easy-to-use query that includes all fields in the software that can be created by the end user and set up in the report builder for automatic delivery.


Key benefits of ExpenseLogic

• The accounting department benefits by having the invoices detailed by line item which eliminates the manual tasks of data entry of the invoice information. This invoice detail eliminates the need for pulling old invoices to track down invoice information. The reporting is detailed by location or Cost Center and is available by location, region, district, etc. using the company's hierarchy.
• The IT and telecom department benefits from the invoices being detailed in a manner that defines each phone, circuit or wireless number by location and service type, i.e. regular business line, centrex line, measured business line, PRI, DHEC circuit, etc. This detail culminates into an inventory that can be viewed by location. The physical assets at the locations can also be housed in the software to allow for a complete picture of services and equipment at each location. The audit component that audits against contract or other rates set for each service is one of the greatest benefits since the audit defines which service has been overcharged and the end user can quickly create a report to send to the vendor to request a refund. The software also tracks the credits pending and received, which reduces the amount of time spent tracking refunds.
• The facilities and operations departments benefit from having the energy invoices detailed by usage by kWh, therms, gallons, etc that all sustainability reporting requires. Having this information detailed monthly allows for the ESG reporting to be provided, analyzed, and reported for sustainability reports that are due quarterly or annually. The interface with Energy Star is also a benefit that allows for a direct feed of usage information monthly. The audit completed on each invoice details the service that billed over to allow for a quick report to the vendor to request the refund.
• All the departments mentioned will benefit from the dashboard that allows the end user to define their reporting, charts or graphs that are most needed daily. The end user can also benefit from setting up reports to email out automatically so that there is no wait for the information.
• The connectivity to vendors through EDI or other API's or utilizing OCR will eliminate the invoice processing time for the accounting department.
• The workflow of approvals allows the end user to be notified of an invoice that needs to be approved or a MACD ticket that needs approval.


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ExpenseLogic Software - ExpenseLogic site manager dashboard
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ExpenseLogic video
ExpenseLogic Software - ExpenseLogic site manager dashboard

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Reviews

Overall rating

4.7 /5
(27)
Value for Money
4.5/5
Features
4.5/5
Ease of Use
4.6/5
Customer Support
4.7/5

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Software buyers need your help! Product reviews help the rest of us make great decisions.

Showing 5 reviews of 27
Leah
Leah
Overall rating
  • Industry: Building Materials
  • Company size: 1,001–5,000 Employees
  • Used Weekly for 1+ year
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

TEM & UEM Platform of this Era

Reviewed on 2022/08/20

Manage utility and telecommunication bills in real-time.

Manage utility and telecommunication bills in real-time.

Pros

ExpenseLogic makes it easy to manage telecommunication costs in one place.

Cons

It automate payments which has enabled us to reduce manual tasks and eradicate human errors.

Response from RadiusPoint

Thank you for the feedback! If you think of anything you want us to know or have questions; please contact [email protected].

Ben
Overall rating
  • Industry: Machinery
  • Company size: 5,001–10,000 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 8.0 /10

Ben Sparkman - ExpenseLogic Review

Reviewed on 2024/08/05

I use ExpenseLogic daily. Typically it is just to pull a lease document or invoice. Makes it easy...

I use ExpenseLogic daily. Typically it is just to pull a lease document or invoice. Makes it easy to access our information.

Pros

Easily access lease information and find invoices for utiltiies

Cons

The login authentication process. Takes to long to login and normally I am just quickly trying to login and reference one piece of information. Overall takes longer to login than I actually spend time within the website.

Alternatives Considered

Crescendo and Corrigo

Reasons for Switching to ExpenseLogic

multiple factors were involved when selecting ExpenseLogic. I think other products may have more features but for far more $$. We also wanted to be able to use multiple brokers for our leases so selecting one of them to house our information could be conflicting with our interests.
Samantha
Overall rating
  • Industry: Financial Services
  • Company size: 11–50 Employees
  • Used Daily for 6-12 months
  • Review Source

Overall rating

  • Ease of Use
  • Customer Support
  • Likelihood to recommend 3.0 /10

Organized

Reviewed on 2024/08/15

I have been more organized than ever. My time is precious and countless hours have been saved.

I have been more organized than ever. My time is precious and countless hours have been saved.

Pros

I enjoy the peace of mind and convenience that comes with this data reporting.

Cons

Tricky for those who are not technological sound.

Brady
Overall rating
  • Industry: Executive Office
  • Company size: 51–200 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Absolutely Amazing

Reviewed on 2024/11/14

ExpenseLogic has been the critical piece in the success and efficiency of our AP department.

ExpenseLogic has been the critical piece in the success and efficiency of our AP department.

Pros

The robust reporting capabilities of the software was something all of our departments have benefited from.

Cons

I have no problems or concerns to report.

Amy
Overall rating
  • Industry: Hospital & Health Care
  • Company size: 10,000+ Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 9.0 /10

Amy's review.

Reviewed on 2024/08/02

Very positive. I use ExpenseLogic multiple times on a daily basis.

Very positive. I use ExpenseLogic multiple times on a daily basis.

Pros

Very handy when needing access to expenses coded to a specific cost center.

Cons

I find that some expenses are not showing up as coded to a cost center in ExpenseLogic but they are receiving and paying for the service through Radius Point. It's usually with a national vendor that issues one invoice with many locations referenced on the one invoice.

Showing 5 reviews of 27 Read all reviews

ExpenseLogic FAQs

Below are some frequently asked questions for ExpenseLogic.

ExpenseLogic offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

ExpenseLogic is used by RadiusPoint clients as a Software as a Service model. Pricing depends on the size of the organization managed, the number of invoices, dollar volume and service level.

ExpenseLogic has the following typical customers:

501–1,000, 1,001–5,000

ExpenseLogic supports the following languages:

English

ExpenseLogic supports the following devices:

We do not have any information about what integrations ExpenseLogic has

ExpenseLogic offers the following support options:

Email/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live rep), Chat

Related categories

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