• Latest
  • Trending
  • All

5 Uses Of Travel Expense Management Software

February 21, 2021

Ross Kemp calls for end to ‘negative stereotype’ of veterans with PTSD on TV

June 27, 2022

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

June 27, 2022

Ukraine has the HIMARS and is putting them to use

June 27, 2022

Wounded veteran surprised with I-Bot wheelchair

June 26, 2022

Veterans Face Another Battle: Getting Hired

June 26, 2022

Troubles amnesty plan will protect IRA terrorists who murdered hundreds of soldiers, opponents say

June 26, 2022

#VeteranOfTheDay Air Force Veteran William Earl Brown Jr

June 26, 2022

Homeless Veteran Supporters, Blue -Medicine for our Military

June 26, 2022

Table Tennis European Veterans Championships 2013 Bremen 16) Semifinale Appelgren-Boehm

June 26, 2022

The deepest shipwreck ever found is this WW2 destroyer

June 26, 2022

President Trump delivers remarks on supporting veterans and military families

June 25, 2022

"Unsung Heroes: Recognizing and Honoring Chinese American World War II Veterans" Book Talk

June 25, 2022
Monday, June 27, 2022
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
198 Veterans News
No Result
View All Result
  • Home
  • Global Veterans
  • USA Veterans
  • EU Veterans
  • Canadian Veterans
  • Australian Veterans
  • Asia Veterans
  • African Veterans
  • Veteran Supports
  • More
    • Global Veteran Supports
    • Veterans Nonprofits
    • Veterans Sponsors
    • Sponsorship
    • Veteran Blogs
    • Veteran Books
    • VIP videos of Veterans
198 Veterans News
No Result
View All Result
Home Veterans Sponsors

5 Uses Of Travel Expense Management Software

by The Editor
February 21, 2021
in Veterans Sponsors
238 15
0
Share on FacebookShare on TwitterShare on Email

In today’s competitive era, a lot of organizations still manage their travel expenses in a very unorganized manner. The traditional way wastes employee time and productivity and increases the stress of Account payable and Finance team in managing the process manually. To gain competitive advantage, organizations need to move to travel expense management platform that integrates travelers, approvers, travel desks, travel agents, accounts payable and finance on one portal to reduce miscommunication and streamline the process. Unnecessary trips and wasteful cancellations are decreased, travel is only with authorized vendors and travelers function within the recommended procedures and systems. This saves both time and money. Below mentioned are few benefits of an efficient Travel Expense Management Software:

Structured Travel Policy

Earlier when accounting for travel expenses was done manually, it was difficult to keep track of all the expenses and cost incurred. With the travel expense management software, the travel policies will be very clear and erroneous payments can be highlighted. Common travel expenses including hotel and food ought to be written down clearly. This helps in preventing issues in the future.

Expense Visibility

The finance and accounts payable team can get a clear visibility on the spend made. They will have all the related information available in the system with details of the same. They can easily know which department is spending how much and can put budget control wherever needed.

Efficient Processes

Entering expenses manually into a spreadsheet can be really tedious and can tend to be inaccurate. It becomes difficult for the accounts payable and finance team as well if you have several hundred employees in an organization. This is where the travel expense management software comes into the picture. The software allows employees to report their expenses in the system which automatically follows the workflow and goes for approval. Post approval it goes to the relevant department for authenticating and processing the payment. The entire process is seamless, automated and quick for employees and internal departments.

On-Time Employee Reimbursement

If you take too much time to reimburse your employee, it will lead to growing resentment. It could also lead to employees hesitant to go on business trips and maybe even flat-out refuse, which would ultimately affect the business. The software allows the employees to report their expenses on the go and it immediately goes for approval and payment. The entire process is quick and automated which saves a lot of time and helps to reimburse employee expenses on or before time.

Employee Travel Expense Trends

With a spreadsheet, it is difficult to say if a particular employee’s expenditure is atypical to the normal pattern. The software helps to capture data and analyse the trend based on historical data. Management can run multiple reports and get analytics to help them make business decisions. For ex. It is easy to look up different trips and find out whether inflation is bringing up the expenses or if the employee is skirting along the edge of allowed expenses. Both the Travel Expense Management Software and the Procure to Pay Software helps bring financial control in the organization saving a lot of cost and time.



Source by Shabbir Imani

Tags: corporate sponsorscorporate sponsorshipcorporate sponsorship companiesExpenseManagementSoftwareTravelveterans organizationsveterans organizations las vegasveterans organizations on long islandveterans organizations to donate toveterans sponsorsveterans sponsorship
Share197Tweet123Send
  • Trending
  • Comments
  • Latest

Desmond inquiry: Lionel Desmond’s case manager at Veterans Affairs begins testimony – Halifax

June 22, 2021

Afghans, Canadian veterans in Alberta fear Taliban takeover will undo years of progress

August 14, 2021

Lionel Desmond inquiry: Veterans Affairs review cites delays, calls for changes – Halifax

June 25, 2021

Hello world!

1

Lady Gaga Pulled Off One of the Best Halftime Shows Ever

0

Barack Obama’s Now Mainly Focusing on Wearing This Casual Backwards Hat

0

Ross Kemp calls for end to ‘negative stereotype’ of veterans with PTSD on TV

June 27, 2022

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

June 27, 2022

Ukraine has the HIMARS and is putting them to use

June 27, 2022
198 Veterans News

Own and operated by The Ike Lemuwa Group, LLC a Commonwealth of Virginia Limited Liability Company, USA.
Info@nigeriasmartnews.com / info@ikelemuwagroup.com
Toll-Free: 1 888 642 8433
3821 Dominion Drive Dumfries, Virginia, 22026. USA

Trending News

Troops En Route to Afghanistan Aim to Help Remove Civilians, Pentagon Official Says > U.S. Department of Defense > Defense Department News

Veterans History Project – Byron Williams

Emmaus for Veterans www.e4v.org Wefunder Pitch!!!

Canada’s veterans honoured with personalized banners in Clarington, Ont. community – Durham

Wounded Warrior Returns to St. Louis

Recent News

Ross Kemp calls for end to ‘negative stereotype’ of veterans with PTSD on TV

MEMBER, STATE BOARD OF EDUCATION DISTRICT 3, VETERANS IN POLITICS ENDORSEMENT INTERVIEWS

Ukraine has the HIMARS and is putting them to use

Wounded veteran surprised with I-Bot wheelchair

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Policy
  • T & C
  • Contact

198 Veterans News - Copyright AllRights Reserved.

No Result
View All Result
  • Home
  • Global Veterans
  • USA Veterans
  • EU Veterans
  • Canadian Veterans
  • Australian Veterans
  • Asia Veterans
  • African Veterans
  • Veteran Supports
  • More
    • Global Veteran Supports
    • Veterans Nonprofits
    • Veterans Sponsors
    • Sponsorship
    • Veteran Blogs
    • Veteran Books
    • VIP videos of Veterans

198 Veterans News - Copyright AllRights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In