When it comes to employee expense tracking, there are a lot of different issues that you’ll have to keep your eye on. Things like approving or denying expense claims, identifying potential errors or fraud, and even monitoring overall spending to adjust your strategies are all worth taking a closer look at for your business. To make the process easier, most people invest in good expense tracking software. The right program can make a big difference, and for the most part the strength of a program is determined by its features.
There’s one feature that doesn’t get nearly enough attention, however. Credit card integration could have a tremendous impact on your bottom line, and as a result it’s well worth taking a look at what it could do for the way you manage your employee expense tracking.
Basically, credit card integration is nothing more than the linking of your expense credit account with the software solution you’re using for employee expense tracking. It seems like a minor feature, but when you look at the ways it could impact your business it becomes clear that there’s much more to it than that.
The biggest benefit of having credit card integration is simplicity. Streamlining as many processes as possible is important, and can help reduce errors, eliminate fraud, and more. And when you and your team don’t have to navigate the extra step of connecting credit purchases to the expense claims, you are able to focus more on what’s most important – making your company money.
The increase in productivity that comes when you’re not stuck dealing with credit card account information is tremendous and will drive up your bottom line. Add to that the fact that the right program can help with everything from managing financial statements to reducing overall stress, and it becomes clear that linking a credit account to your expense program is something that deserves a closer look. It’s a small feature, but one that has a big impact on your bottom line.