Serrala Rolls Out New Mobile Payment Management System, Alevate
It wasn’t so long ago when we heard about Hanse Orga’s rebranding to Serrala, a move which sought to seize the halo effect of a mountain range for its own benefit. The notion sounded a little bit more like hot air than high mountains, but with the arrival of the first product release since the rebranding, we can see there’s substance to Serrala’s rebranding after all.
The recently-revealed system, known as Alevate Payments, acts as a “global payment hub” for enterprise resource planning (ERP) operations. It effectively allows large-scale operations to more effectively manage payments across a range of platforms, which makes their management easier and gives businesses a way to better manage expenses.
So if a company has a few sales reps armed with mobile payments tools putting a range of expenses on different expense accounts, the company can better track these payments and manage overall expenses accordingly. It can be used by itself, or it can be used as part of the FS2 solutions Serrala also releases for added value.
Serrala recently set up a survey for the financial industry, and the contents of that study revealed just how useful such a tool could be. Seventy-one percent of respondents found managing payments was a “near-term priority,” and 98 percent considered “increasing automation” likewise. Since only 17 percent of respondents claimed to have full cloud-based system deployments, an intermediary tool became especially important to achieving the desired results. Enter Alevate.
The good news about Alevate is that it does something comparatively simple, yet useful for the companies that put it to work. It’s an expense management tool, and it’s hard not to like an expense management too, particularly if you’re managing expenses. Managing expenses more readily means that it requires fewer resources to manage those expenses—which saves an expense in its own right—and it also help manage the expenses generated within the business itself.
Expense management can be a big help in saving companies money—though expenses are a help at tax time, unmanaged expenses can ruin a company as surely as anything—and with mobile payments gaining popularity both on and off the clock, Alevate might be the tool of choice for expense management for years to come.