Remote: Solving Fragmented Financial Reimbursement
Remote, a human resources firm specialising in payroll and financial operating systems, announces the launch of Expense Cards for firms to fold employee spending into existing infrastructure.
Additionally, companies can also issue eligible Employee of Record (EOR) employees a virtual card, reducing tiresome manual expenses and preventing the need for employees to use personal funds and wait for reimbursement.
Remote says the virtual cards are ready to use typically in a business day.
Speaking to Finance Chief exclusively, Michiel Boere, CFO of Remote says: “Remote started by paying people their salaries all around the world. Remote Expense Cards helps employees to pay for travel and expenses.
“This is the next step in running a global workforce on one financial operating system, so finance teams get employment, payroll and spend data together and can set the controls before the money goes out.”
This is the next step in running a global workforce on one financial operating system, so finance teams get employment, payroll and spend data together and can set the controls before the money goes out.”
Strengthening financial controls
The virtual expense cards mean there is more of a bridge between potentially multiple financial systems and teams spread globally.
Remote notes that for teams using financial infrastructure to pay and employ teams, work spending often sits outside this workflow.
Introducing virtual expense cards brings stronger controls and visibility to finance teams, who can track the person, amount needed and when the payments are made, as opposed to an employee using personal finances for business transactions.
The controls tighten a financial grip on compliance, governance and expense records.
Transactions are automatically recorded, and employees must attach a receipt in the Remote app in order for the expense to be finalised.
- Entity, role, location and tax status recorded by Remote provide employment context for the expense cards to ensure alignment of correct details
- The cards are native to Remote from within its EOR module
- Instead of being reviewed after the fact, policies are applied at the moment of purchase
- Eligible EOR employees can use a company-issued card instead of using personal funds, leading to potentially lengthy reimbursement cycles
- The cards come at no extra cost
Michiel continues: "Managing travel and expenses is a core part of running a global workforce, yet finance and HR teams often struggle to reconcile payroll and employee spending data.
"Remote brings employment, payroll and spending data together into one place. With Remote Expense Cards, employees around the world can pay for things like travel without using their own money, while teams set controls at the individual level and see every transaction alongside the employment data."
Remote key partners:
isolved: In collaboration with human capital management specialist isolved, Remote has integrated its EOR features straight into isolved People Cloud. This strategic alliance allows over 200,000 organisations across the US to seamlessly recruit, onboard and compensate global workers without creating overseas legal entities.
Workday: Remote has earned certified integration status within the Workday Marketplace for its EOR and contractor management offerings. By connecting directly with Workday HCM, the integration enables enterprise users to seamlessly recruit and manage global staff without manual data transfers. Operating in the background, Remote manages local compliance, contracts and international payroll, keeping worker records fully aligned across jurisdictions.
BambooHR: BambooHR: In an expansion of its existing partnership with Remote, BambooHR has introduced BambooHR Contractor Management as an integrated add-on feature. This launch empowers scaling businesses to oversee international contractors in tandem with full-time staff directly through a single, centralised platform.
COLLINS: Remote announced an extensive brand overhaul created in partnership with design agency COLLINS, positioning the company as the financial operating system for global workforces.
