But when you leave the tedious calculations to expense management software, you can save that money for more important things.Īnd when it comes time to file taxes and validate employees' expenses, expense management software also makes it easier for companies to stay compliant and prevent fraud. Reduced waste: Expense reporting mistakes cost money, both in unnecessary reimbursements and employee time.
Increased productivity: The less time employees spend manually creating and examining expense reports, the more time they can spend doing, well, anything else. SmartScan, for example, eliminates the potential for human error when inputting information from receipts.įaster processing: Streamlined tools for creating, submitting, reviewing, and approving reports means those reports are taken care of in a snap. So why should you bother using expense management software like Expensify? It all comes down to a few core benefits:įewer mistakes: People make mistakes, but fine-tuned software is far less likely to. What are the benefits of using expense management software? With time-saving features, AI-powered technology, and a streamlined, easy-to-use interface, Expensify is designed for busy people who have other priorities to take care of. Luckily, Expensify's expense management software turns those challenges into a thing of the past. No employee wants to manually enter the price of every Uber ride they took during a business trip, and no admin wants to spend hours poring over haphazardly compiled reports. That's where expense management comes in: with the right systems in place, employees can promptly report and get reimbursed for expenses, and you can accurately monitor and record them.īut the problem with traditional expense management systems is that they're anything but efficient.
Your employees need to be reimbursed for their business expenses, and you need to make sure those expenses are all valid and properly accounted for.