Is your company spending too much time on expenses, receipts and company cards?
Many companies find that employees keep receipts in pockets, bags or inboxes, while the finance department spends unnecessary time collecting documentation, checking expense records and reconciling card transactions.
At the same time, transactions from the bank need to be matched with the right receipts, coding and approvals, which often creates manual work and risk of errors.
Typical challenges
- Missing or delayed receipts
- Manual handling of expenses
- Time-consuming company card reconciliation
- Missing documentation for audits
- Complicated handling of travel and per diems
- Resource-heavy mileage registration administration
How the solution helps
With a digital solution, employees can register expenses and receipts directly from their phone, while company card transactions are automatically imported and matched with the related documentation.
Approvals, control and posting are brought together in one connected process, significantly reducing manual work and ensuring higher data quality.
Value
- Faster handling of expenses and company cards
- Automatic matching between transaction and receipt
- Fewer errors and missing records
- Less administration for both employees and the finance department
- Stronger compliance and audit trail
- Faster posting and reconciliation
Recognize several of these challenges?
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Most of these challenges are connected – solve one, and the next ones often become easier to manage.
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