Expense Management Know it more

The lifeblood of the modern business enterprise is a series of daily financial and administrative processes that enable organizations to monitor and control expenses, track payments and invoices, and organize and manage workflow. The smooth functioning of these processes has always been essential to the efficient and profitable operation of the business. But in this era of increased regulatory scrutiny, these processes must also be able to supply documentation critical to compliance. Most organizations have hundreds or even thousands of personal expenses every month, be it petty cash, expense returns or credit cards. The cost of completing, authorizing, reconciling, re-checking, adjusting taxes and re-keying the data into an accounting solution is both tedious and inefficient. Automating your expense management process with an online payroll service can reduce reporting and processing time and overall costs by as much as 70%* or more! Expense Management uses the power of the Internet to prepare, approve, process and even reimburse. Management can look at expenses by person, department, project, client or any other level of analysis. Reports can show year to date and month comparisons with multiple levels of analysis.