It can be a little intimidating when you are an employee with an expense account. You may have received a company policy concerning your expense report and what is expected of you when using it. But the most bothersome thing about business expenses is the expense reports themselves. The idea of poring over all of your expenses might give you a bit of stress. You imagine sitting at a desk and adding up all those dollars and cents for your last business trip. The totals can be staggering and might make you think twice about buying that dinner.
But there is an easy way to eliminate all of the worry and streamline the workplace when it comes to expense reports. No longer does the employee need to stress about spending because the expense reports system becomes incredibly automated. In fact, the employee may not need to fill out another expense report again.
This simple little fix can empower the employee when spending on the behalf of the company while eliminating unneeded paperwork, man hours and red tape. All you need to do is tie a company credit card to expense reporting software. It is that simple.
When the employee spends for the company, all they need to do is use the card. The software takes over from there. And just like on a credit card statement, the software categorizes the purchase for the approver. So, money spent on the card for a taxi is categorized as travel. And money spent on a meal is categorized as food, and so on.
The reporting is done automatically. The software takes information from the credit card company and updates automatically. Then the approver is notified automatically and the approval process is easy; the click of a button. This eliminates the stress of business expenses and streamlines the approval process. Plus, all the financial information in the system is up to date in real time.