Data. That’s a huge part of operating almost any business in today’s world. Not only do business leaders need to keep track of their own data, but they need to be able to quickly access it and show the information to anyone checking for compliance. That’s why using expense management software is so important. And while there are plenty of different systems out there, it’s important to use one that has the most features possible.
One feature that is incredibly important in expense management programs is mobile access. It sounds surprising, but something as simple as being able to use mobile devices to input, manage, track, and approve expenses could have a huge influence on the overall success at doing so.
If you’re not convinced, just take a quick look at exactly what mobile access means for expense management in today’s world.
- Accessibility is the primary factor driving mobile access forwards as a must-have feature. Being able to connect to the expense system rom practically anywhere means that your employees can easily upload their expenses when they occur, thus improving not only accuracy, but their productivity.
- And since business managers and owners can review these uploaded expenses from their own mobile devices, it facilitates real-time approval and review of expenses. This translates to increased accuracy and reduced risk of fraud.
- Mobile access also allows employees to use receipt imaging. This process relies on mobile phone cameras, which can be used to take photos of receipts. These receipt images can then be uploaded directly into the system, eliminating the need to keep track of paper receipts.
- An overlooked aspect of mobile access is that it can help boost employee morale. When businesses simplify employee workload, it can help improve the overall attitude that the team has about their employer. This in turn can lead to better loyalty and better performance.
Obviously, it takes an online expense management program to facilitate mobile access, but once that it’s in place the entire process can be streamlined dramatically. By providing your team the ability to manage expense wherever they are and when it’s convenient for them, you’ll be giving your company a big boost as well.