Employee Expenses Management Software
Expenses Management software - refers to the system and/or systems deployed by a business to process, pay, and audit employee-initiated expenses.
Good employee expense management software should:
- Permit efficient detailed submission of expense claims and automatically route them for authorisation and review in accordance with the prescribed company expenses policy
- Provide detailed reports to allow companies to determine spend patterns, benchmark category spending and permit fast payment to claimants
- Provide sufficient information to allow companies to meet their regulatory reporting obligations in respect of personal income tax and VAT
It is essential, when software is implemented, for appropriate support and training to be available.
Concur (a SAP company) is a leading provider of integrated expense, invoice, travel and risk management solutions for companies of all sizes.
Concur streamlines and automates the expense reporting, travel booking, and accounts payable processes for an organisation through an interconnected and open platform that enables business to see all sources of their spend, and links with partners to access even more data for robust analysis that enables better decision making.
Concur provides software automation and tools that can be accessed from anywhere and are meant to eliminate the paper-based processes. Concur also offers a wide range of extended services.