Employees use guided workflows to execute their plans in Trace. They can log a purchase or set aside funds for a future project--like a marketing event. Trace loops in reviewers, enables conversations, and tracks approval status.
Once a purchase is approved, Trace records the PO into your accounting system or provides a report for accruals.
As bills come in and are paid, Trace updates the status of POs and pulls back all transactions for comprehensive spend analysis and reporting.
What happened that was different from what you expected? What happened that you didn’t expect? With budget, spend management, and actuals in one place, Trace knows the answers.
The benchmarking tool helps growth-stage and public businesses benchmark key financial metrics with their public comps. We normalize the businesses by using horizontal axes with revenue, periods from IPO, and periods from founding.
With the right planning and processes in place, financial management will be a breeze. Department performance will improve and you'll build trust with your team and the rest of leadership. Be dependable and crush your next board meeting when targets are reviewed.