ExpensePort utilizes a combination of two distinct reimbursement delivery options. Depending on the expense service, the program might use one delivery option exclusively or a combination of both to ensure efficiencies and quality of service.
Direct Reimbursement Model
With this model, future and current employees submit their receipts and expenses directly to ExpensePort, thus eliminating the need for human resources and accounting to approve and process the payment. ExpensePort audits the expenses according to the specific policy, issues the payment directly to the employee, and tracks the expenses for billings and historical reporting. Since these reimbursements are for special recruiting, relocation, and business needs, internal efficiencies and cost savings can often be recognized by working with ExpensePort.
Lump Sum Funding Model
For situations where the simplicity of a lump sum allowance might be more beneficial, ExpensePort can administer the delivery of the lump sum to the current or future employee. Based on policy, ExpensePort will load the lump sum amount on an instant-issue debit card, send the card directly to the employee, and administer any subsequent tax or policy requirements. Since these lump sums are for special recruiting, relocation, and business needs, internal efficiencies and cost savings can often be recognized by working with ExpensePort.
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