In the face of increased competition and compliance demands, insurance companies are looking for efficient business models to position themselves for long-term success. Capitalizing on these challenges and turning them into opportunities require tools that allow insurance companies to reduce operational cost, eliminate both manual processes and significant streams of paperwork.
Welcome to The River
Chrome River is the choice of hundreds of organizations worldwide for streamlining AP workflows. The cloud-based Chrome River Suite automates every step of travel expense and invoice management processes for improved operational efficiencies and eliminates manual, paper-heavy processes - no more receipts, paper tracking or spreadsheets. By leveraging Chrome River’s advanced reporting capabilities, insurance companies obtain greater visibility into key financial data.
Switch from manual to automated AP workflows
Manual processes for expense reporting and invoice processing are expensive, error-prone and highly inefficient. Chrome River provides a single common platform for the entire accounts payable workflow process. Workflows can be automated and easily customized to comply with changing policy demands.
Embrace a truly mobile solution for expense and invoice automation
Chrome River’s deep understanding of expense and invoice management combined with a mobile-first design approach is at the core of the Chrome River mobile experience. Designed using web application technology, Chrome River provides a consistent and intuitive user experience across any device. With this technology, you can easily take a picture of your dinner check and add it as an expense or even email your hotel folio to Chrome River and have it parsed into line items for room, parking, wifi, and meals. The invoice management process is just as easy with automated Purchase Order matching and electronic payments. Chrome River allows you to efficiently manage your financial processes on the go.
Minimize fraud
Ensuring compliance policies within your organization can be difficult. By automating policies using Chrome River’s business rules engine, employees receive systematic alerts when working with preferred vendors, per diem rate caps, and even hotel limits.
Integrate with existing systems
Data integrations are key for both business travelers and finance teams. Chrome River syncs with Lyft, Uber, supports hotel folio parsing, Snap & Send receipt capture, and integrates with all leading online booking tools, travel management companies, corporate cards, and financial software and ERPs.
Corporate card reconciliation
Chrome River integrates with leading corporate card programs. The charges on your corporate cards can automatically populate a new expense report. Receipts will be seamlessly merged with your credit card transactions. Reconcile monthly corporate card statements by simply dragging and dropping.
Drive long-term growth
Chrome River’s advanced business intelligence reporting engine converts expense spend data into compelling and actionable reports. Obtain a clear, accurate picture of your organization’s spend with our robust ANALYTICS tool, enabling your AP to make data-driven decisions.
