How Companies Are Refining Their Expenses with Expense Management Syst

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Simplicity. Effectiveness. Elegance. These are all hallmarks of the best of anything. No unnecessary frills to distract from effective performance of the task at hand; no wasted features adding nothing to the straightforward nature of a job well done. Source: https://www.expenseondemand.com/.

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slide 1:

How Companies Are Refining Their Expenses with Expense Management System Simplicity. Effectiveness. Elegance. These are all hallmarks of the best of anything. No unnecessary frills to distract from effective performance of the task at hand no wasted features adding nothing to the straightforward nature of a job well done. These are the hallmarks of an expense management system with the power to provide a bespoke business tool for the small to medium enterprises which make up the backbone of any nation’s economy. These are the businesses which can turn the fortunes of those economies but it’s on the detail of their day-to-day operations that the success of each business and eventually each economy is built. Whilst the devil is in the detail so is the angel. Pressures faced by small firms make revenue generation tough and demand constant attention. And that’s why employee expense management software is a vital ally.

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The tasks performed by every business fall broadly into two areas – those which generate revenue and those which don’t but are nevertheless important to keep the business running. It’s important to minimise time spent on the latter to maximise time available for the former. The expense management system chosen by a company falls into the latter category. To keep time spent on it to an absolute minimum whilst still doing the job effectively the 21 st -century solution is to use small business expense management software. The best expense manager app will put complete control in the hands of the company and its employees by having the ‘devil in the detail’ completed in the background. All the user has to do is input the detail and make a claim. With the ability to ‘read’ a receipt and record value date and payee it will complete the filing and integration of the spend in the company accounts. And that leaves the employee with the task of making claim and submitting it for approval. As part of the service it’s possible to eliminate fraudulent claims on such matters as mileage claims by having the system incorporate a GPS function so the distance travelled can be recorded automatically. What is also eliminated is unnecessary repetitious data entry which is not only an opportunity for errors to creep in but also a completely unnecessary cost. A carefully- selected expense manager app will link the spend at one end of the line through expense claim and approval allocation of cost and recording in the company accounts. Employee expense management software could hardly be simpler or more elegant than that…

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