In today’s digital world, it’s amazing how much paper still clutters our lives. The problem is far worse in even the most modern businesses. Invoices, receipts, reports, checks – they all still play a role. For those in your organization that travel, the ritual of collecting and holding on to travel receipts is ingrained over time and the half-day once a month spent combing through the collection is truly painful!
Fortunately, several solutions have come along to address one of these streams of paper – expense management and reimbursement for staff. While we’ve looked at those from SAP Concur (primarily for large enterprises) and others like Rydoo and Zoho Expenses, there is a clear leader in the small and medium business space: Expensify.
Expensify is the strongest expense tracker app out there for business with a vast array of features and impressive automation. From expense report management to tracking receipts, Expensify covers all areas for your traveling staff. With both an app and desktop web presence, Expensify has clearly been built with the traveling business person in mind.
Its patented SmartScan technology eliminates manual data entry and makes it extremely simple to keep track of receipts. The app can automatically record, report and submit expenses to generate real-time reports. You can simply capture a picture of the receipt and details such as merchant, date and price are automatically coded for faster reimbursement.
Expensify supports corporate or personal card reconciliation, direct deposit reimbursement and per diem functionality. It also has accounting integrations with services such as QuickBooks, Xero and NetSuite.
In sum, so much paper can be eliminated and digitized. It allows your staff to focus on productive activities and costs a few dollars per staff member per month.
For help with expense management solutions for your staff, contact us today at (845) 735-3555 or visit our website at www.superiortechnology.com.
Comments are closed.