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OfEx | 

Hierarchy and Controls

Optimize organizational 

hierarchy and control for 

quick and 

efficient

expense management 

Effortlessly set up control across departments, sub-departments, and designations

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Complete KYC Process

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Approval Process

Privacy Concerns

Compliance & Auditing

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The traditional paper or email-based multi-level approval process is tedious and time-consuming.
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OfEx automatic approval flow can be set up on the dashboard based on organizational roles, departments, and designations.

Delegate authority for better

transparency & faster resolution

Define Custom Roles

Assign specific permissions and accessibility to multiple hierarchies based on their department structure

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Reduces Financial Risks

Multiple individuals can be involved in the approval hierarchy. This ensures that expenses are verified multiple times and that there is no inaccuracy, duplication, or fraud

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Fast Decision Making

The system provides real-time insights into the expense pattern for businesses to identify areas that can be managed better

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Resource Management

The AI and ML-powered technology allows setting automated rules for expense approval and categorization, helping reduce the burden on managers and accounting teams

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Easy Configuration

Seamlessly integrating software like Zoho, Tally, SAP, and Oracle Netsuite with EnKash eliminates the need for manual data entry

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Highly

Scalable

Add new departments and employee roles without any hassle

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Got Questions?

Don't worry! Our FAQs section will help you learn about department management in detail

What is department management?

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Department management involves establishing approval hierarchies within different departments based on the criticality of expenses and the urgency of payment decisions. It enables effective control over how various departments handle their business expenses while maintaining the integrity of approval processes and associated documentation.

Why is effective department management vital for your business?

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Efficient department management with OfEx ensures that all departments can manage their payments and expenses without overloading the central finance team. OfEx designation management and customizable roles provide the necessary checks and approvals, meeting auditing requirements seamlessly.

Does the department management module help improve the finance team’s performance? If yes, how?

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Yes, it enhances the finance team's performance by eliminating the repetitive tasks of checking payment requests, chasing approvals, and collecting invoices. With the easy onboarding of employees on OfEx, the finance team's workload is reduced, making the auditing process quicker and more efficient.

Why should every business consider streamlining department management?

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Businesses can benefit from OfEx department management module in several ways:

  • Quick approvals: All expense-related issues can be resolved at the first level of approval

  • Easy Onboarding: A user-friendly onboarding process that is easy to follow and assess when required

  • Transparency: Ensures that the auditing and reconciliation process occurs without delays

  • Efficiency: Expenses are supported by the correct approval, reducing the risk of overspending

How does the department management module reduce business fraud?

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OfEx Department Management module acts as a safeguard against business fraud. Ensuring that teams do not exceed their budgets and that all expenses are monitored and approved effectively reduces unnecessary expenses and financial discrepancies.

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Seeking further understanding of hierarchy and control?

Hierarchy and control within an organization are critical elements that define the structure, authority, and decision-making processes. Understanding hierarchy in a company is crucial as it defines the flow of authority and responsibility. In practice, countless businesses exemplify various forms of hierarchy, each tailored to their unique needs.

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Explore our comprehensive guide
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What is the role of approval hierarchies in expense management?

Approval hierarchies provide a defined structure to determine how expense reports will be reviewed and approved within the organization. Businesses can initiate a transparent process for managing expenses with approval hierarchies and reduce the risk of unauthorized expenses.

What are the benefits of expense approval hierarchies?

Here are some benefits of expense approval hierarchies:

Accountability:

The immediate manager reviews an expense report, which is then sent to the next level for further review and approval.



Transparency:

This gives insights into spend patterns and helps make better budget and saving decisions



Decision-making:

Businesses can define the authority levels and associated spend limits, allowing the employees to make decisions within the limits

How do approval hierarchies help reduce financial risks?

Approval hierarchies help reduce financial risks in the following ways:

  • Multiple individuals review and verify the expense claims, leaving no room for errors
  • Since expenses are accessible to multiple departments, there is less opportunity to manipulate the documents
  • Businesses can impose spend guidelines and prevent non-compliant expenses by stopping reimbursement if there is overspending
  • The approvers in the hierarchy process are accountable for approved expenses

How do approval hierarchies impact decision decision-making in businesses?

The approval hierarchy enables managers to make expense-related decisions. The organizations can define the approval hierarchy and fast-track decision-making. A well-defined hierarchy ensures there are no unnecessary delays at work since managers have the authority to approve if they believe a particular expense is necessary and requires immediate action.