If you are in charge of a business that relies on traveling employees to help drive forward sales and profits, you already know that tracking expense claims is one of the key aspects of managing their efforts. Travel expenses should be a part of normal business operations, but it can admittedly take some time to get the best results from the process. That’s why expense automation has become so common – using good software programs allows you to speed up the process, get better results from doing so, and can help offer additional benefits as well.
One of the best features to look for when selecting your expense automation software is receipt imaging. This is essentially a process that allows your employees to scan or photograph receipts with their mobile device and then upload them into the system. The benefits to this are obvious.
- It eliminates the need to keep track of dozens or even hundreds of receipts, making it easier for your employees to handle their expenses.
- It lets you monitor spending in real time while employees are still on the road – you don’t have to wait for them to return to the office.
- It allows for fewer errors and mistakes, which can help save you money on expenses that may not actually be applicable to your business model.
- It also allows for better compliance. Noncompliance issues are one of the biggest dangers for any company, and with expense automation that utilises receipt imaging it’s not an issue in the least. Everything is automatic, and managed accordingly.
If you’re looking for a software solution that will handle your expense reports for you, there are plenty of different features to look for. But the benefits of receipt imaging make it one of the top things to consider. Combined with mobile connectivity and online functionality, it can take the results you get from your software to the next level.
Expense automation is one of the single most important things you can invest in for your business. Be sure you choose the program that does the most for you and your business, and you’ll get a lot of bang for your buck.