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

Payroll Calculator – Automate Payroll Calculations, Eliminate Errors 

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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

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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

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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

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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

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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

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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

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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

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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.
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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!