Employee Management Systems (#113)
/In this podcast episode, we discuss the benefits of using a computerized expense reporting system. Key points made are:
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Employee spend management reduces the time required to submit expense reports by automating the entire process.
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These systems automate data entry, automatically reconcile expense reports, and can reimburse employees.
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Employees can access these systems using a mobile phone, which is also used to take pictures of receipts.
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The payment system can be linked to your travel itinerary, and can automatically capture your credit card charges.
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The exact solution chosen will depend on the size and structure of the company, and whether employees engage in international travel.
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The system may need to be adjusted to account for the company’s travel policies.