The Importance Of Credit Card Integration In Expense Report Software

The Importance Of Credit Card Integration In Expense Report SoftwareAny business that has travel expense policies in place will use some form of expense report software to help manage and track those expenses accurately. However, not all systems are created equally and it’s important to take the time to find the best one. To do so, looking at all of its features is a good idea. And one feature you can’t ignore is that of full credit card integration.

Essentially, credit card integration is nothing more than a feature that allows you to link your expense related credit accounts directly to the expense report software. When an employee files a claim on that credit card, it can be imported into the system for approval and management. There’s no need to go through multiple steps when the two accounts are linked, and a fast, easy process handles everything.

The benefits of this are obvious, but worth looking at closer.

  • Linking the accounts speeds up the process of managing expenses, helping provide better productivity by giving your team more time to focus on other issues related to your business instead of the busy work that it once required.
  • Since the accounts are linked, there is less room for human error. This ensures that you don’t have invalid claims, that your company stays fully compliant, and that you don’t have to deal with the frustrating process of correcting major mistakes.
  • This also gives you more oversight where your credit accounts are concerned, making it easier to set up clear policies and approval information and also letting you review data in an expense-related data report. This means that you can review information easily and get a better idea of how your funds are being spent.

Simply put, if you want to get all that you can from an expense report software program you’ll want to pay careful attention to credit card integration and what it can do for your business. It’s one feature you can’t afford to ignore.