In today’s world, everybody uses credit cards or debit cards to pay for expenses. Why risk being robbed of all your cash, when you can make all your transactions with a plastic card? That’s why credit cards are commonplace in today’s world. People use credit or debit cards for various reasons, and in ways that you might not even think of. The business world is no different.
Credit card transactions are used in all major purchases in the business realm. This includes travel, entertainment and lodging. However, when filling out expense documentation manually, some of these purchases can be altered in unethical ways.
Make The Switch To Automated Expense Report Software
With that being said, this is why many business owners have made the switch to expense report software. With these programs, you as the business owner can easily monitor the usage of the company card, and make sure employees aren’t trying to do anything sneaky. Let’s explain how it works.
Corporate Card transactions are automatically captured in automated expense report software, allowing you to dive deeper into individual expenses. Simply select the appropriate transaction and the software will autofill the information in your expense item. You do less and accomplish more, even on the go. Other benefits include:
- All transactions are received in the system after the posting date
- Map the Description, Vendor and Reference where you need them
- MCC Codes can be used to auto-suggest expense categories
- Determine what are corporate or employee paid credit card transactions – apply differing approval workflows and exports
Automated expense report software can also import your personal credit card data, and claim expenses based on your statement information. Transactions are also available on a daily basis rather than waiting until the end of the month. There is also web and mobile versatility, user-driven expense reporting, and full administrative control and access.
Try Expense Report Software Today!
Instead of manual entry, and the risk of human error and mistakes, why not give expense report software a try! The transition will allow you to focus on more important business matters and make your employee’s lives much easier. Consider trying the software today!