Tracking business expenses can be a time consuming and
costly process. So, a digital system could be the answer. Here are some of the
top benefits of using an online expense management system.
Employees can report their expenses and upload receipts.
This can be reviewed by the authorising manager anywhere in the world, with an
MyExpensesOnline is integrated with your
accounting software, to automatically produce accurate payment information.
No more lost receipts!
The age-old problem for so many finance departments – the
receipt is lost, never to be seen again! With an online expenses system, photos
of receipts can be taken and saved alongside the claim, as soon as they are
Accurate VAT data is collected and used for VAT returns
and P11D’s, saving you time at the end of the year.
Accurate Mileage Claims
Estimated mileages for business journeys become a thing
of the past. Postcodes are used to calculate the distance travelled, and you
can be sure to be reimbursed at the correct rate.
Processing claims, particularly in large businesses with
hundreds or thousands of employees, can take up enormous amounts of time and
money. A digital system can save time and money.