It’s an all-too-common scenario in the digital age: employees go about their work, collecting receipts for their out-of-pocket expenses. Periodically, they fill out and submit a paper-based expense form, attaching the receipts. They even have to print out digital receipts to do this!
Then someone in the accounts department has to laboriously re-enter the details into a financial system for verification and processing.
Think about the work hours these processes require over a year—not to mention the potential for errors in paper forms or when keying in data.
The solution: a good digital expense management system doesn’t just handle the processing. It automates the lifecycle to be simpler and more efficient. Leveraging artificial intelligence, employees can easily capture receipts to automate expense classification and can track the status of claims, all via an app on their mobile devices.
No data-entry duplication, no wasted work hours and far fewer errors.