Advantages of Mobile Expense Reporting
The world has truly gone high-tech, and so is the method of expense reporting in the business environment. While Excel expense reporting or software-based expense reporting is still not completely useless, a growing number of business travelers are finding it more convenient to use their mobile devices in creating and processing expense reports.
Why not? When all you have to do is take pictures of receipts and save copies via the cloud.
Eric Sikola, CEO and founder of ExpenseCloud, makes a litany of the benefits offered by mobile expense reporting in an article published in Mashable.com.
If you’re still using the manual method, perhaps, now’s the time you consider shifting to a rather efficient way of doing your expense reports.
Eliminates Human Errors
Manual expense entry is not only time-consuming, it also leaves more room for human errors. Having an automatic import of corporate account charges, though, lessens the amount of errors that employees may commit while preparing the expense reports.
Enhances Monitoring and Analysis of Spending
Any responsible organization would need to constantly analyze its travel and entertainment spending for additional cost savings. There are now mobile expense applications that helps companies better aggregate their travel and entertainment data so that every spending is clear and can be used to negotiate better discounts with vendors.
Provides Employees Mobile Flexibility
Let’s face it. Most employees have their smartphone with them wherever they go. So, when your employees travel, they can easily take digital photos of their receipts using their mobile device. Mobile expense apps also let employees capture mileage, time, cash expenditures, or edit existing expenses coming from a credit card. These transactions can be easily relayed to the office in case expense reporting occurs without having to wait for the employees to come back.