Getting the expense management process fixed so that it works quickly, easily, and accurately brings all varieties of benefits to your business. An automated expense report solution helps speed up the submission and reimbursement of business expenses. Robust features of this software decrease the time and costs associated with processing expenses and increase visibility into corporate spends, while enhancing general expense policy compliance.
Personal credit cards: Usage of corporate credit cards for business expenses is rising day-by-day. Today it has become the most common form of payment method. Direct credit card feeds improve monthly reconciliation and administrative oversight. But, it is not necessary that every employee at the company can have a business card. The advanced software also enables your employees to sync their own credit card transactions into the system. This could be a great way to accelerate the expense submission process.
Mobile applications: Mobility is a must for the corporate professionals on the go. Mobile based expense report software allows your employees to book, plan, and report business expenses while on the move. They need not have to spend time on filling up reports after coming from the trip. This also speeds up the approval process as managers can access reports, approve or reject them even when they are away from the workplace.
Seamless integration and Data export: Any system that you add to finance toolkit should work properly within your existing ecosystem. By using this software you can easily import expense data into your accounting system, match spend categories to existing chart of accounts and other key expense data to the appropriate fields. It automatically matches and reconciles spends with bank debits.
Expense management system that offers best-in-class features increases productivity and reduces spend that takes away from your bottom line.