Paperless Expense Reporting

For most organizations, more dollars are spent reimbursing employee expenses than in almost any other area-often second only to payroll. Ironically, while the majority of companies with more than 100 employees have automated financial procedures such as payroll, accounts receivable, and accounts payable, the fact remains that a vast majority of companies still rely on inaccurate and outdated paper-based expense reporting processes.

Paper-based or manual processes also suffer from a lack of proper controls and poor visibility into employee spending. A variety of people within the organization may be required to literally touch each expense report. Difficult...