Travel and Expense Management

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TRAVEL AND EXPENSE MANAGEMENT CHALLENGES AND SOLUTIONS

Simplify the Process of Managing Travel Expenses

Travel and expense management can be challenging and stressful, but it doesn’t have to be. By using a new and automated approach to reimbursing expenses incurred for travel, you can simplify your procedures and save both time and money.

Moving into the digital era is the solution to the high cost of managing travel expenses. Instead of manually entering data into logs or spreadsheets, data can be managed using automated software, saving time for traveling employees and for accounting departments. By using a much more streamlined process, you can increase efficiency while cutting costs.

How Accurate is Your Current Travel and Expense Management Procedure?

When you look for ways to cut travel and expense management costs, you’re probably aware that manual procedures for tracking expenses for business travel may be inaccurate or misleading. From manual logs and spreadsheets to receipts that may not even be legible, employees may be requesting reimbursement using numbers that are inflated or inaccurate. This may or may not be intentional. If travel and expense costs are reimbursed to employees without question, your company is probably losing money on these inaccurate numbers.

It’s a no-brainer that employees should only be reimbursed for legitimate business travel expenses. Reliable travel expense systems depend on honesty, and management tools need to be able to recognize and identify fraudulent reporting. The best way to dramatically improve accuracy and efficiency is by using automation.

Improving Travel and Expense Management Processes

Incorrect numbers in mileage reimbursement reporting may be caused by human error or by deliberate deception. Why take the chance when mileage reimbursement software can reduce the probability of error and inaccuracy? Using automated software simplifies the process for employees and provides increased efficiency for management.

CompanyMileage can automate your travel and expense management processes. It’s simpler for employees, because all they have to report is their starting point and destinations, and the software calculates the distance between them and the amount to be reimbursed. Using this software can save your organization as much as 30% on the cost of reimbursing your staff for business travel.

Using automation provided by CompanyMileage in your travel and expense management can help you to be sure that the amount being reimbursed is correct and not a guess or estimate.

See how automated travel and expense management software can insure compliance, improve efficiency and save your company money starting now!