![]() ![]() Paperwork Elimination: Paper receipts fade with time and are also easy to lose.Not only this saves your time but also eliminates human errors. Integration: Easily connect your expense reporting process with other applications such as accounting software in order to avoid entering the same data twice manually.Moreover, applying automation for approving expense reports saves a lot of time and money. Mechanization: Whether it is automated expense approval for any particular amount, or developing journal entries instantly, you can search for several ways to introduce smooth functioning. ![]() There are two key elements of expense management process and these elements largely cover all aspects of the expense management process: So, there is a dire need for employers to relook at their expense management, effectively strategize the process and make sure business continuity as working in a crisis mode has, undoubtedly, become the new normal. Most importantly, how can such businesses account for unscheduled costs that employees might incur while setting up the operational infrastructure for remote work? ![]() Allowing quicker expense payouts by final approverįor companies that do not embrace expense management automation, a crisis such as the COVID-19 pandemic can simply make the whole expense management process even more challenging– given that employees can’t submit expenses physically, nor the transfer of expense documents can happen.Fixing number of expense processing cycles.Configuring the expense report submission. ![]()
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