UNM saved 800,000+ sheets of paper per year and reduced cycle times for reimbursement/reconciliation by over 75%
Welcome to The River!
There was once a public, Tier 1 research institution with 6 campuses struggling to process over 50,000 expense reports and invoices per year. The University of New Mexico was frustrated with its paper-intensive processes – all the scanning, printing, mailing, signing, and data entry resulted in traveler reimbursements that took 20+ days and P-card reconciliation that could take well over a month. A small group of overburdened staff was gathering receipts and submitting expense reports on behalf of thousands of faculty, staff, and students. They decided there had to be a better way.
Enter Chrome River. In this webinar you'll learn how UNM leveraged our invoice and expense management solutions, directly integrated with their Ellucian Banner finance system, to streamline its painful, manual finance processes and eliminate the paper chase of trying to track campus mail. Do their needs before they implemented Chrome River sound familiar?
- A solution that managed all expense types, not just travel
- Automated approval routing
- Seamless integration with P-cards
- Robust reporting options
- Flexibility and configurability to accommodate policies and unique processes
- Accessibility from anywhere for all users
Join Lorrie Black, Financial Systems Manager at UNM, and Robin Hanselman, Director of Higher Education Sales at Chrome River, as they tell this total business process makeover story, complete with actionable advice on how to replicate UNM's success. In Lorrie's words, "I didn't understand it until we started putting numbers on what we were looking at...We saved over 40,000 hours per fiscal year that we used to spend processing expense reports and P-card transactions. The paper we saved annually equates to about 8,100 pounds, so I guess you could say we got rid of the elephant in the room!"
Be sure to share this webinar recording with your colleagues. Then start the conversation: where can we benefit the most from streamlining our expense, invoice and P-card processing workflows with an automated solution? Where can we start realizing efficiency and cost savings? After the webinar, the only thing you'll say is Take me to The River!
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.