It’s fairly common knowledge that technology can simplify almost every aspects of our lives, from work to play. For businesses that have employees on the road regularly, managing expenses is an important part of the job that can also be improved through the use of technology. Good expense reporting software is something that can benefit your company in several huge ways, but it’s important that you take the time to find the right one.
There are numerous features that always stand out as being important components of a good program – things like online connectivity, streamlined functionality, and more. But there are also plenty of overlooked features that can really have a huge impact on the overall results you get from expense reporting software.
As a result, it’s well worth taking a closer look at those overlooked features. Some may not be as important to you or your business, but it’s a good idea to consider three features that are often not given that much attention. They could help you find the right program for your needs. With that in mind, here are three of the features that are hugely beneficial, yet commonly overlooked.
• Credit Card Integration – When you use a company credit card to allow employees to manage their expenses on it, you need to be able to get fast, accurate info on the expenses. Credit card integration in a program will make this easy, and will deliver you exactly the results that you need without any hassle.
• Automatic Currency Conversion – When your business operates overseas, currency conversions and foreign tax info can create a number of big headaches for you to deal with. To avoid this, a good program will handle all of the conversions for you and make it easy to deal with.
• Receipt Imaging – One thing that becomes a major hassle for your employees – especially when they’re on the road for long periods of time – is the management of receipts. Receipt imaging allows them to use their smartphone to scan or photograph a receipt, eliminating the needs to keep track of dozens of them during their travels and boosting the overall accuracy of your reports.
The simple fact is that good expense reporting software can change the way you manage your company and your employee expenses. The three features above are often overlooked, but can have a big impact on your results.