Employees spend billions of dollars on corporate travel expenses. Expense reimbursements give organizations control over employee spending by giving corporate cards with direct lines of credit to their bank account. Finally, the business ends up issuing reimbursements for extremely legitimate expenses after a lot of back-and-forth. This process creates confusion

As we move closer to the year ending, it’s natural to start considering new objectives for the year ahead. Whether they are business goals or personal, we all struggle to make better decisions in the New Year. However, while we are looking forward, many times, we forget to look back

The manual process and legacy systems do not meet the needs of modern businesses. It is essential to track and record every expense to identify pitfalls, avoid unnecessary expenses, and cut down the costs. According to the Aberdeen Group, managing expense reports manually is costing $41.12, while an automated expense

In this digital age, from booking a cab to ordering pizza everything is automated. Most of our day-to-day activities can be accomplished using a smartphone. So, why you are still spending hours collecting receipts during business trip – and then you wait for weeks, or sometimes months after submitting expenses

Tracking expenses on the paper receipts is quite daunting for the managers as well as employees. More than 60 percent of workers merely attach all receipts to expense claims and leave the rest for the accountant to figure it out. Think of having to riddle out what receipts goes to

Reviewing and approving expense reports manually are quite challenging. The finance department is swamped with expense reimbursement requests when employees return after their client meetings, sales conventions, and more. Expense reports done manually are error-prone and inaccurate. It is extremely difficult to gather, review, authenticate, and approve reimbursement claims manually

Having an app for managing your business expenses is pretty common in businesses today. However, the type of app in terms of functionality and accessibility makes the difference. Mobile app offers the same user interface and functionality on every device, whereas, a native app offers user updates and limited functionality.

Incorrect data is one of the major issues in expense management. With a manual spend reporting process, several rounds of amendments by the employee are often required before their expense claim can be processed in a compliant fashion. If incorrect information is captured, businesses have to face a compliance issue

Although, managing your employee expenses is time consuming, it plays a crucial role for your organization. When employees submit their expense reports, the manager needs to review, authenticate, and approve all expenses and process them as soon as possible. But organizations using paper-pen method or spreadsheets for expense management manually,