5 Signs It Is Time to Get Corporate Expense Management Software
Using spreadsheets in expense management for your company might sound like a good idea. But this programme is not as helpful and powerful as you think it is. According to Forbes, it is the exact opposite since it holds 88% errors, which is not good.
Those numbers are enough to make your business fall apart. That is why change your way and invest in online expense management software instead. Here are some signs that would tell you when you should do so.
- UNPRODUCTIVE EMPLOYEES.
Going from one department to another does take a lot of time. Instead of focusing on the tasks they need to finish in a day, they have to worry about the expense or reimbursement report they need to file. As a result, your employees ended up doing less than the requisite work.
- MISSING RECORDS.
People become more forgetful as they age, and your employees are no exception. That is why try not to be angry with them when they fail to attach the receipt on the expense report they just submitted.
- LATE REPORTS.
Another reason why you need to consider investing in corporate expense management software is when your employees often submit their expense reports late. With this, they can immediately submit right away, even if they are not in the office.
- UNABLE TO REIMBURSE ON TIME.
It happens because there is a lot of paperwork to check. As a result, your employees ended up waiting too long so they could get their reimbursed money late.
- BURIED IN PAPER.
Spreadsheets may have an automated function, but it would only work if you input the data and write the formula one by one. That means there is a lot of paper you need to read and check back and forth to make sure everything is correct.
The best way not to let manual expense management make your company fall apart is to invest in this software! If you think you need one right now, get one at Volve Solutions! They will change the way how the work gets done.
