The automated expense tracking software is key to smooth financial planning and budgeting. Efficient cash management by robust tools enables businesses to make better investment decisions and deal with cash shortages.
Procurement, allocation, and control are the three major aspects of the financial department that are manageable with feature-rich online expense tracking application. A list of functionalities of business expense tracking tool includes:
Secure Logging of Expenses for Projects & Trips
Tracking how much is spent on projects and business travel is not easier manually. The online expense management software helps analyze the cost, scope, and time of the project for accurate evaluations. The easy logging of multiple projects and trip expenses provides a clear overview of the expenses incurred. The data collected in the system provides insights into who has spent, on what, and at what time.
Ease to Request for Expense Reimbursement Claims
Filing reimbursement claims is always challenging for employees. However, with automatic business expense trackers, the employees can claim reimbursement without hassles. The online platform makes it easier to create and send expense entries for approval. The reimbursement reports generated within the system provides data for approved or rejected claims. Undoubtedly, expense reimbursement is a time-consuming process if done manually. Moreover, to avoid delays in reimbursement, an expense tracking app is an ideal choice.
Seamless Sharing of Expense Receipts as Attachments
Expense management is not just managing expenses, it also includes sharing files and receipts with the clients for quick payments. With online expense tracking systems, it’s safe and instant to share expense receipts with clients and customers as an attachment. The transfer of multiple receipts and files in an attachment simplifies sending documents with a tap of the button.
Easy Uploading of Bulk Expenses
Uploading every single receipt manually is a tiring process. Every small, medium and large-sized business generates thousands of receipts a day which are hard to manage without automated expense tracking software. The excel sheets ease importing & tracking of expenses automatically. The software also features sharing expense receipts to approvers for approvals.
Plan Optimum Fund Utilization with Talygen
Talygen’s expense tracker app helps businesses to plan and manage cash flows efficiently. The application provides financial controls to users to manage expenses and generate profits. It is an intuitive and scalable application with customizable expense functionalities. Featuring auto scan expense claims/receipts, customize approval flows, generating expense reporting, and more makes expense management a breeze. The software allows creating expense approval chains to approve or reject the claims based on accurate records. The real-time expense limit checks help inform the managers via email about the exceeded expense limits.
Schedule a demo online at https://talygen.com/freetrial.