Q3 Product Updates: Effortless Payroll, Smarter Budgets and Total Payment Control

Written by
Aaron Oh
Last Modified on
October 30, 2024

Aspire’s latest features automate workflows, empower your teams to manage budgets, enhance account security, data privacy and make payments with greater ease. From smarter payroll tools to flexible financial controls, it’s everything you need to run your business faster and smoother.

Explore our highlights for the quarter 👇

Payroll Calculator – Automate Payroll Calculations, Eliminate Errors 

 

Say goodbye to tedious month-end payroll calculations. You can now use our Payroll Calculator while making your payroll payments in IDR. Simply enter basic salary details into a template file, upload the CSV, and Aspire will automatically calculate taxes, additions, and deductions for each employee.

It’s smart, intuitive and integrated into your batch payment flow. No more manual calculations, no costly errors, just effortless payroll processing. 

Sub-budgets – Empower Your Teams with More Control

Delegate and manage spending efficiently with Sub-budgets. As a budget owner, you can create and oversee sub-budgets within a larger parent budget. Even better, you can track everything in real-time, giving you, your team and the parent budget owner full visibility into expenditures when they happen.

Its budgeting made flexible – delegation without compromising control over your finances. This amazing feature is currently available in Beta. Keen to get onboard? Contact your account manager or reach out to customer support now.

Multiple Same-Currency Accounts – Stay Organized with Segregated Funds

You can now open multiple SGD and IDR accounts under a single Aspire business profile. Open separate accounts for Income and expenses, or for different office locations, projects, or expenses within a project - whether it’s for marketing, operational expenses, vendor payments or reimbursements. Organise and track your funds more efficiently and streamline your financial reporting. 

Payroll Visibility Setting  – Keep Your Payroll Data Private

 

Now, you have the power to control payroll visibility. With Payroll Visibility Setting, you can assign payroll permissions, ensuring only authorised users can access sensitive payroll information. Simply mark transactions as 'Payroll', and Aspire will automatically restrict viewing based on these permissions.

Keep your payroll data private and secure – no more unnecessary access or exposure, just smooth and secure processing.

Freeze Account Option – Secure Your Account Within Seconds

 

Here’s a feature we hope you never need. But if you ever suspect suspicious activity on your account, you can quickly use the Freeze Account Option in the app to instantly block transfers, freeze cards, downgrade roles and restrict API access, in just a few taps to secure your business and prevent losses until it’s safe again.

Multi-Select Option in Bills – Approve, Reject, or Delete Bills Faster

 

Managing bills is faster and easier than ever with the multi-select option in Bills. Approve, reject or delete multiple bills with just a few clicks. Get used to a faster, more intuitive workflow – because day-to-day operations need not be stressful.

Mark Reporting Fields as Mandatory – Ensure Every Detail is Captured

 

Gain better financial insights and make smarter decisions with accurate reporting. Now you can mark custom fields as mandatory when submitting claims or bills, ensuring all critical information is captured without any gaps.

Partial Batch Transfer – No More Payment Delays

 

Ensure your batch payments go out on time without them being held up by a few erroneous transaction requests. With Partial Batch Transfers, erroneous payment requests are automatically flagged for correction in the Pending tab, allowing you to address them at your convenience while enabling you to approve and execute the rest of the transaction without disrupting your payment schedule. This feature is currently only available for SGD and USD batch transfers.

That’s all from the Q3 2024 product updates. We at Aspire are constantly evolving our products to make them smarter, faster and more secure. If this update excites you, you would definitely love the next one. Stay tuned!

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Aaron Oh
is a seasoned content writer specialising in finance, insurance and tech industries. With a writing history at S&P Global, EdgeProp, Indeed, Prudential, and others, Aaron leverages finance knowledge and business insights to help businesses improve productivity and performance.
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