Why Online Expense Reporting Is The Better Option

Why Online Expense Reporting Is The Better Option

Why Online Expense Reporting Is The Better OptionOverseeing a company can be complex, especially when you have travelling employees. But software solutions are designed to help, and some can make an absolutely huge difference in the way your company runs. Expense software is a perfect example of this, but to get the most from your investment it’s a must that you go with online expense reporting instead of an offline, office-based system. There are plenty of reasons for this, and looking at them can show you why it’s such a good choice to go with the online option.

  • Affordability – Right out of the gate, online expense reporting can be much more affordable. You don’t have to make a huge up front software purchase or buy new hardware like servers for your office. Instead, you’ll pay a low monthly fee to use the software. And since you’re using online expense reporting, your team doesn’t have to maintain the software or servers – that’s handled for you. 
  • Features – You get a tremendous amount of extra features when you go with online expense reporting. Things like automatic currency conversion, credit card integration, mobile access, and receipt imaging aren’t possible with offline programs but they can have a tremendous impact on your success with the software. Simply put, online makes it better.
  • Real Time Results – Instead of your travelling employee having to keep track of a growing pile of paperwork and receipts on the road, they can instantly upload each expense into the system as it occurs. Additionally, your at-home team doesn’t have to worry about being saddled with huge piles of paperwork when an employee returns home. Everyone can handle their work in real time, making it easier to keep productive and not get overwhelmed. 
  • Better Accuracy – The fact that you can monitor results in real time and the additional features that come with online expense reporting make it much easier to get improved accuracy and reduced fraud in your expense reporting efforts. This translates to a much higher bottom line and better overall profit margins for your company. 

When you consider the affordability, the features, the improved accuracy, and the improved features offered by an online expense reporting program, it’s easy to see why it’s the option that you need to take for yourself. It might seem like a small decision, but it has a tremendous impact on your company’s bottom line.