Online Expense Report Software
Online expense report software speeds up your workflows and saves processing time
One of the biggest pain points in expense management is the processing time. It takes a lot of time for everyone involved in the process to complete their activities, and with something that is at best an ancillary activity, it is not so good to waste so much time. Using online expense report software to manage your T&E will help you in many ways, one of which is to make your expense report processing much faster and more effective.
With the software, the process starts much before the trip. According to your organization’s policy, you can require employees to prepare their pre-trip expense reports for approval in a certain time period. Employees fill in the details with their trip information and click a button which ferries the report to the supervisor who can approve or reject the expense report accordingly.
Once approved and trip completed, the employee fills in the expense report with all the details and again send for final approval which will then trigger the reimbursement process. In filling the expense report, the software helps the employee significantly. It automates the expense capture and segregation process through integrations and OCR captures. To put it simply, the expense report creation process, which would have taken hours earlier, would now take minutes.
Once the supervisor approves the final expense report, it is then sent along to the finance department who complete the reimbursement. All in all, the process moves along at a significantly improved pace and ensures that employees are at their productive best.
Online Expense report software also comes packed with analytics which further help in improving the process. The software is packed with features that help you simplify expense reporting. Get one for your workplace today.
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