Expense management is a necessity in order to run a business. Employees incur reimbursable business expenses for a variety of reasons: business travel, sales expenses, local purchases and mileage reimbursement to name a few. And most of the time, they pay out of pocket and get reimbursed by the company later. However, the manual process of submitting reimbursement forms and receipts to obtain approval from the appropriate person can be costly and time-consuming.
Enter automated expense management systems. This report will explain what companies should look for in expense management software, its features, and profile today’s top 5 software vendors.