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Replacing old paper/spreadsheet-based expense reporting systems with new
automated expense report solutions is clearly becoming the center of attention
in the minds of most corporate finance executives around the globe.
There are three primary reasons why companies are switching over to automated
expense report systems. First, companies want to reduce the heavy costs
associated with the old manual process. For example, in North America,
companies on average spend $75.00 to administer one single expense report.
Automating that process can reduce that cost by as much as 89%, which
represents a huge savings opportunity!
Secondly, companies want their employees to have real-time access to create,
submit and approve reports anytime and anywhere.
Today's employees, like never before, have all the technology available to them
in order to manage their entire business processes. Yet when it comes to
submitting expense reports employees in most companies are expected to complete
paper-based expense reports or at best a spread-sheet that they manually
complete and submit for approval and reimbursement. This ultimately drives up
the cost of your expense report process.
Finally, companies today want more control over what employees can submit for
expenses and also what can be approved. They want to better manage corporate
expense policies and be notified of policy infractions before they are
submitted to accounting for audit. This lines up with recent surveys published
by New York based American Express Consulting Services, Travel expenses now
represents the second largest controllable corporate expense.
Implementing a solution that reduces processing time, provides users with
global access, manages corporate expense policies and much more is exactly the
tool corporations want. ExpensePoint® gives them exactly that!
Below is a brief overview of each of our automated expense reporting solutions
ExpensePoint WEB™ and ExpensePoint SME™. Find out which solution best fits into
your company's expense report automation strategy. |
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