What are the things you can Get from Personal Expense Report

The benefits which we get from using a personal expense report regularly will help us in many ways. Some of the primary uses which we get from the reports may be tabulated as follows below;

The purchase of a personal expense report will help us in making sure that our funds are saved from getting depleted by people working in the company. Sometimes internal causes for depletion in the funds are greater than external factors. The reason behind this will be the incapability of the employees in choosing the best possible ways of reducing the expenses meant for their work every day. Mostly, they do not consider the funds possessed by the firm or the organization as their own and therefore, they do not care about spending more than what is actually necessary for either getting the necessary materials or for getting something done for the company. This attitude can be monitored by using these personal expense reports.

Individual statements about their own expenses will serve in two different ways. The first one will be to isolate the true nature of the requisition for funds and the second one will be to find out why there is a vast difference between the actual quotation at the initial stages of the projects and the present requisition for funds from the personnel involved in the concerned task.

The expenses made by the individual will be displayed in terms of all sub categories and therefore the complete dossier of the expense history will be available if the report is scrutinized properly. There may be unnecessary requisition for funds from the employees, miscalculations of figures on their part and many other forms of expenses which might threaten the survival of the company itself. Hence we can use new strategies based on these results.

The small amount of money we spend on getting the best versions of personal expense report models and templates will aid in saving thousands and even millions if the companies are dealing with multimillion dollar projects. The more we use these templates for the reports, the more we can save in terms of funds which we have already and those which we get from new projects.

Managements can find out the culprits in the employees list by using the reports given by all. The reports they give can be compared with the ones formulated by the management and when there are any discrepancies in the same, we may be able to uncover all the personnel who are disloyal to the company and the organization.

Join Certify and Proformative for Expense Management Strategies to Maximize ROI in 2016

The benefits of web-based expense reports automation are easy to recognize, especially for any company that’s switching from a manual process. But when it comes to quantifying a return on investment from a new automated system it can be difficult for companies and finance departments to understand exactly what features and efficiencies are driving ROI.

Defining expense management ROI is a critical piece of the planning and procurement cycle. Join Certify and Proformative this Thursday, December 17, 2015, at 2:00 (EST) for an exciting new webinar all about Expense Management Strategies to Maximize ROI in 2016.

Advancements in automation continue to streamline the expense reporting process, and with it further reducing the time it takes for many companies to realize the return on investment from a new system. During the webinar we’ll review data analysis from leading research organizations and more than 500 CFOs, controllers and accounting professionals to identify best practices in expense management today. Also joining the presentation are the Controller and General Ledger Analyst from a leading enterprise company that’s currently up and running with a fully automated reporting solution. Learning objectives for the session include:

• Emerging trends in business travel and expense management • How to evaluate expense report processing costs and return on investment • The ways automation can simplify data management and administrative reporting • Strategies to streamline the expense reporting process and improve productivity • Outcomes and live commentary from a company that switched to automation

Here it is: Customers Love Certify

Ongoing customer feedback is essential to any successful company, be it praise for a job well done, constructive criticism, or a proactive check-in to see if expectations are being met. At Certify, we take feedback a step further. In fact, we’re pretty much fanatical about listening to and soliciting feedback from our customers. Every support ticket, every roll out, every interaction is a chance to learn more. In addition to being a great source of ideas and inspiration, feedback also gives us a chance to understand if customers are truly happy with Certify. For us, there can be no greater measure of success.

One of our many instruments for collecting feedback is our annual customer survey. This year’s results are in and we’re pleased to report Certify customers are overwhelmingly happy to be working with us. More than that, our customers are also realizing a return on their investment from switching to the Certify automated expense management solution in a number of important ways.

Top 5 Ways Certify Customers are Achieving ROI Customers were asked to identify the most effective ways Certify is helping them recoup their initial investment in expense management automation.

Improved Efficiency in the Expense Management Process: 57% Reduction in Processing Costs (paper, postage, storage, etc.): 42% Mobile Accessibility: 40% Increased Employee Productivity: 29% Elimination of Payment for Duplicate Expenses: 20% Through the survey, customers were also asked to identify the top Certify product features that are proving to have the greatest impact for their companies and users. With efficiency toping the list for ROI, it’s no surprise to see Certify ReceiptParse™, Certify Mobile and data integration services (credit cards, corporate systems, etc.) as our highest rated offerings.

Leading Benefits with Certify When it comes to benefits, customers told us the ways Certify is helping them overcome their toughest expense reporting challenges. In addition to a simplified expense management process (79%), survey respondents also identified greater user/employee satisfaction (63%), improved visibility into spending and process (59%), shorter expense approval times (51%), and fewer instances of lost receipts (47%) as the top benefits they’re experiencing with Certify.

Benchmarking for customer happiness is critical, but we also like to know where customers are coming from as a way to keep our finger on the pulse of the marketplace. In our most recent survey, 78% switched to Certify from a manual, homegrown or Excel spreadsheet-based expense management process. As broader industry research indicates between 40-50% of companies are currently using some form of a manual system, Certify is thrilled to be leading the charge to make expense reporting easy for companies large and small.

The Main Use Expense Reports in your Business Firm

An expense reports contains a clear picture of all the expenses which have been incurred by an employee for official purposes and he would like to claim a reimbursement for the same. Details of all the expenses which have been incurred should be entered into the expense report format which has been prescribed by the company. The details which have been entered into the format and made into expense reports will be used for the purposes of accounting as well as the preparation of tax returns. The nature of the expenses which will be entered into the format will include the usual expenses which are incurred during a business trip like air fare, hotel tariff and expenditure on food.

A lot of people delay the process of submission of expense reports for an extremely long period of time. The process of creating reports and submitting them can be made quick and easy by making use of specialized software. The availability of these kinds of software packages makes the process of reporting expenses a lot quicker and easier since the expense reports can be sent online and all the required bills and vouchers can be faxed to the concerned department. This will also help in reducing the occurrence of errors during the process of preparation of reports. This will also make the processing of reimbursement claims a lot faster and easier and both the employers as well as employees will be satisfied. They will also prove to be extremely useful during the process of auditing and accounting. The overall efficiency of the company will be increased to a large extent in this manner.

All employees can make use of the prescribed format for the creation of an expense report in an easy manner. The availability of a format for reporting expenses is very essential since every company incurs a reasonable amount of expense on official travel on a regular basis. Hence the process of reimbursement of these travel expenses will also be taking place on a regular basis. The availability of a format for these reports will not only ensure that they have been created in the right manner but they will also make the processing of claims a lot quicker. But people from the respective departments should also make sure that all the details in the expense reports are true.