Pettty Cash Automation

Petty cash is used when formal system is either too costly or too slow for making purchases. It doesn't make sense to go through a process that costs you almost as much as the price of the product. This is where petty cash comes in handy. However, a major flaw is that there is no planned system in place. No provision to ensure safety of funds allocated to petty cash invite fraud and errors.

How IBISM helps

We provide a petty cash automation system that helps you secure and streamline this process. Our module helps maintain record of petty cash expenditure, while helping keep track of reserves in real time. Petty cash often involves very little amount compared to overall budget of the organization, and hence is ignored. However, it takes just a tiny leak to sink a ship which is why it is necessary to automate this process