Home > MYNDSpendX

Expense Management Software

Every Expense, Every Location - Under Control

reduction in working capital requirements
Up to 0 %
100% policy compliance capability
0 %

Take charge of petty cash and team spending with MYNDSpendX, the intelligent expense processing platform designed by industry experts for multi-location businesses. Compliant and configurable, the platform is built to enable on-the-go expense capture, processing and approvals, providing full visibility everywhere. Cash flow improves as the need for location-specific funds gets eliminated and data-backed insights emerge.

GL code & cost center mapping
UPI-backed centralized wallet system
Mobile-first Design
Automated Compliance Check

Benefits

Control. Compliance. Cash Flow.

Wherever Imprest is used instead of UPI based transaction, we have a Cash Balance certificate, where at every month-end Location needs to declare available physical cash balance. Cash balance certificate contains automatic reconciliation of the balance as per book and physical balance. Location can not submit the expense voucher for next month unless they declare details of the Cash balance. This feature is also used to handover activity for change in hands at location , cash balance certificates can be generated as part of this process. This certificate is also generated during the audit of the location.

Improved Cash-flow

Optimal utilization of working capital tied up in petty cash

  • Centralized wallet system
  • Virtual fund allocation
  • Option to maintain minimum imprest with location

Complete Control

Full visibility over every expense

  • Real-time tracking
  • Automated reconciliations
  • Advanced analytics

Flawless Policy Compliance

100% policy adherence across locations

  • Built-in policy checks
  • Automated validations
  • Comprehensive audit trails

See All Benefits

Accelerated Closing

X% faster reconciliation and closing processes

  • Automated expense capture
  • Real-time processing
  • Direct ERP integration with accounting systems

Higher Operational Efficiency

Minimize manual intervention, streamline workflows

  • Mobile-first approach
  • Automated workflows
  • Intuitive user interface

Reduced Risk

Minimize fraud and cash pilferage

  • Digital transactions
  • Automated controls
  • Real-time monitoring

Standardized Processes

Implement best practices across locations

  • Standardized workflows
  • Centralized policy management
  • Uniform implementation

Better Cost Optimization

Reduce operational costs

  • Automated processes
  • Reduced manual intervention
  • Optimized fund allocation

Data-backed Cash Flow Insights

Get actionable insights for better financial decisions

  • Advanced analytics
  • Customisable dashboards
  • Trend analysis

Seamless Scaling

Add new locations without process complications

  • Cloud-based architecture
  • Standardized processes
  • Flexible configuration options

Our Clients

Trusted By Teams Across Industries

The MYNDSpendX Process

From Creation to Termination – Stress-free Lease Lifecycle Management

Features

Everything a High-Performing Team Needs

Tracking & Reporting features

User activity tracking

Digital receipt storage

Document version control

Standard reports

Export capabilities

Security features

Role-based access control

Multi-factor authentication

Secure access controls

Need support?

We’re with you all the way.

Use Cases

MYNDSpendX For You

Benefits

01

Real-time visibility of expenses across locations

02

Lesser working capital tied up in petty cash reserves

03

Significantly faster reconciliation and closing

04

Reduced operational costs in expense management

05

Audit trail compliance

Benefits

01

Complete control and visibility of expenses at every location

02

Actionable insights for better financial decision-making

03

Minimized risk of fraud and cash pilferage

04

Lesser working capital tied up in petty cash reserves

05

Reduced operational costs in expense management

Benefits

01

Reduced manual work

02

Near-perfect policy adherence across all locations

03

Minimized risk of fraud and cash pilferage

04

Negligible error rate

Benefits

01

Digitised processes

02

Streamlined expense management

03

Easy to record the daily expense

04

Faster approval of the expense and a quick clarification

05

Can focus on operational excellence

06

Location month-wise expense dashboard

MYNDSpendX For You

Every business is different. We get that.

Group 7078 1
Are you struggling to maintain operational flexibility and centralised control over numerous retail locations?
MYNDSpendsX provides you with location-specific insights, control, and standardised processes across stores by:
  • Reducing risks associated with cash handling
  • Standardising expense processes across locations
  • Offering live visibility of each retail location
  • Optimising working capital allocation
Group 7103 1
Are high transaction volumes across outlets complicating your expenses?
MYNDSpendX can enhance your operations while giving you greater control over your expenses:
  • By tackling high-volume transactions
  • Tracking expenses in real-time
  • Automating reconciliation
  • Reducing cash handling risks
Group 7083
Are diverse expenses coming in the way of efficient management across production sites?
MYNDSpendX maps and tackles various types of expenses, helping centralise expense management across sites by:
  • Enacting site-specific expense management
  • Automating policy enforcement
  • Allocating funds in real-time
  • Comprehensively tracking all expenses
Group 7088
Do you have multiple ongoing projects, each with their expenses?
MYNDSpendX enables you to manage site-specific expenses with centralised oversight by:
  • Offering project-specific expense tracking
  • Taking a mobile-first approach for site teams
  • Permitting flexible fund allocation
  • Displaying live project expense visibility
Group 7093
Are multiple facilities entangling your expense management systems?
Achieve facility-wise flexibility while standardising best practices with MYNDSpendX’s:
  • Facility-specific expense management
  • Compliance-focussed workflows
  • Real-time expense tracking
  • Automated reconciliation

Integrations

We’re Compatible

SpendX seamlessly integrates with popular enterprise systems. Secure APIs with the appropriate authentication and authorisation mechanisms are in place to ensure uninterrupted data flow, data accuracy and process automation. Maintenance and regular updates are conducted to ensure continued compatibility.

Enterprise Resource Planning (ERP) Systems:

SAP Invoice Automation Software

SAP (ECC and S/4HANA)

Oracle Invoice Automation Software

Oracle EBS

Microsoft Invoice Automation process

Microsoft Dynamics

Tally Invoice Automation software AP

Any other system

Point of Sale (POS) Systems:

SAP Invoice Automation Software

Active Directory

Oracle Invoice Automation Software

SAML-based SSO providers

Microsoft Invoice Automation process

OAuth 2.0 compatible systems

Payment Systems:

SAP Invoice Automation Software

UPI platforms

Security

Your Safety, Our Obsession

SpendX comes with enterprise-grade security for all your sensitive financial and transaction data. It was built with multiple layers of protection:

Have More Questions?

All Your Questions – Answered.

MYNDSpendX's centralized wallet system eliminates the need for location-wise cash reserves, enabling optimal fund allocation based on actual requirements. The platform's intelligent fund management capabilities ensure efficient use of available funds while maintaining operational flexibility.

MYNDSpendX implements enterprise-grade security measures, including end-to-end encryption, multi-factor authentication, and regular security audits. All transactions are processed through secure channels with comprehensive audit trails.

MYNDSpendX offers direct integration with major ERP systems through secure APIs. The platform supports automated GL code mapping and cost center allocation, ensuring seamless data flow while maintaining data integrity.

MYNDSpendX's workflow engine supports highly configurable approval workflows that match any organisational hierarchy. The system allows for different workflows based on expense types, amounts, and locations.

MYNDSpendX implements automated policy checks at every stage of the expense process. The system validates expenses against defined policies before submission and during approval, preventing policy violations.

MYNDSpendX provides comprehensive reporting tools, including standard reports and advanced analytics capabilities. Users can access real-time dashboards and detailed expense analysis.

MYNDSpendX offers comprehensive training programs, detailed documentation, and multi-channel support to ensure successful implementation and adoption.

MYNDSpendX supports multi-currency operations and can be configured to handle various tax requirements and compliance needs.

Implementation follows a structured approach that includes system configuration, integration setup, user training, and phased rollout to ensure smooth adoption.

MYNDSpendX provides secure digital storage for all expense documents, with easy search and retrieval capabilities. It also maintains compliance with retention requirements.

Yes, MYNDSpendX supports multi-entity operations with appropriate segregation and consolidated reporting capabilities.

Trusted, Proven, Configurable.

We can reduce your expense lifecycle from days to minutes, without compromising on accuracy.

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