![]() ![]() Using automated expense management systems, companies can simplify the report submittal process, eliminate paper, reduce errors and the risk of expense fraud, and reimburse their employees faster. These expenses typically cover travel, accommodations, meals and other expenses incurred while an employee is conducting "official business," but employees may also expense work-from-home costs, software as a service, office supplies and more. With traditional expense management, companies use a paper- and spreadsheet-based system of processing, paying and auditing their employees' expenses. Automated Means to Expense ManagementĮxpense management tracks employee spending behavior and determines how the organization will reimburse them for the costs incurred. Management Software Free Product Tour Traditional vs. The reimbursement payment is authorized and issued to the employee or credit card company, as applicable.The expense report is posted in the company's accounting system or ERP for auditing and accounting purposes. ![]() The accounting team enters the correct tax codes into the expense report. ![]()
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