4 Benefits of Expense Management in The Cloud
If you haven’t yet moved your expense management to the cloud, then we’ve put together a short list of the reasons you should consider it.
Expense management is a factor in all businesses where employees travel for their work or are based remotely.
The challenge is always to make the processes around it more efficient by reducing the time required to capture, submit, approve and reimburse expenses – and a key way of doing this is by going paperless.
As more and more business processes, applications and other operational technologies move to the cloud, it makes sense that expense management should follow suit. So if you haven’t yet moved your expense management to the cloud, we’ve put together a shortlist of the reasons you should consider it.
Dispense with Paper
By moving to a cloud-based expense management system where workers can simply snap and submit expense receipts using a smartphone app (as well as a tablet or PC), managers can review and approve online, and accounts staff can reimburse easily. There’s simply no more need to keep stacks of paper receipts stapled to a printed expense claim sheet (and less to get lost or misplaced).
Save Time and Speed Up the Entire Expense Process
For the approver, an email alert acts as a trigger to review expense reports in the system – made easier by visual indicators of anything suspect. For the accounts teams? Instead of the usual mountain of expense claim processing at month-end, when accounts reconciliation happens, expense claims can be submitted and approved directly. Plus, with expense management software integrated direct into Dynamics 365 Business Central, there are further time savings as no re-keying is required.
Increased Organisational Efficiency
Looking to Go Paperless?