Let’s face it: technology has made it a lot easier to work, communicate, and even to play. And as the world continues to shrink due to the rise of that technology, it becomes even more important to harness as much power as you can to improve your business processes. When it comes to managing travel expenses, using a good expense app is the key to success.
Finding that app usually isn’t that difficult, and there are plenty of options out there. What most people look for are the obvious things – online connectivity and features like mobile access. But there are also plenty of overlooked features too, and paying attention to those is a key part of making sure you’re getting the most from your expense app. If you’re missing these features, it may be time to upgrade to a new option.
- Receipt Imaging – Mobile access is great, but taking it a step further with receipt imaging is even more important. Receipt imaging helps reduce errors, makes it easier for your employees to manage their expenses, and allows you to approve expenses while they’re still on the go.
- Currency Conversion – If your employees travel overseas, this is another feature you can’t ignore. It allows for automatic currency conversion and makes it much easier for you to improve accuracy, compliance, and avoid fraud. All foreign currency is automatically converted to your home currency with this simple tool, and the best expense app will offer it to you.
- Data Reports – There’s a good chance that your app already offers data reporting – most do. But you could be missing out on the huge range of benefits that properly utilizing that data can offer to you. By using data reports you can modify policies, adjust procedures, and identify problem areas. In short, you could develop a more effective business strategy for your company with the information it provides.
- Credit Card Integration – By linking your credit card account to the expense app, you can fully automate another phase of the process and ensure that you and your team don’t have to navigate any more red tape and hassle than necessary. It can reduce errors, speed up the process, and help your team focus on earning you money.
Each of these features is enough to enhance your company, but when you combine them all you’ll likely notice a significant increase in your bottom line. Be sure you’re not missing out on any important features offered by today’s expense programs.