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