Use an Automated Expense Reporting System For Expense Tracking

Automating expense reporting processes streamlines expense tracking throughout the entire organization.

PA, PA (prHWY.com) February 12, 2013 - PA, Feb 12, 2013 - Automating expense reporting processes streamlines expense tracking throughout the entire organization. Employees will be able to easily track and monitor expense reports they have filed, while managers can report on and analyzeexpensespending to ensure compliance to company spending policies.
Expense Reporting Software-More and more companies are looking to online expense reporting software to manage expense tracking. Employees use the online system to enter expense items, attach receipts and then submit the report to managers for approvals.
Reports are easier to manage, especiallyif an organization incorporates feeds from credit cards and integrates with travel booking partners. Employees are also finding mobile expense applications that support the online booking tool can significantly speed up expense report filing. They simply create a line item on the mobile app, snap a picture of the receipt and send it to the online expense report.
While the report is being created, employees can see right away if spending is in line with company policy and can make notes, or modify the expense item on the fly.
Reports are then submitted online to approvers, who have complete visibility to everything they need to make empowered spending approval decisions. Approvers are notified via email that they have a report awaiting approval.
Approvers can approve all or a portion of an expense report online, sending approvedtransactions for reimbursement by the accounting team and returning unapproved transactions back to the employee for explanation or better coding.
As the expense softwaremanages reports moving though the system, anyone can track report statuses so they know exactly where it stands in the approval process. Once approved, accounting can then reimburse via ACH from within the expense software and link up with payroll and accounting systems.

About the Author:

Expense Software- ExpenseWatch.com delivers spend management products & services for businesses that automate manual, time consuming paper-based processes for company purchases, payable invoices and expense reports, while enabling visibility and control of all company spending.
Contact Details

ExpenseWatch.com
620 W. Germantown Pike
Suite 175
Plymouth Meeting, PA 19462

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