Business expenses incurred towards sales, business development and other supply chain functions are key enablers for the realization of corporate growth objectives set by organizations.
However, the process of managing it still remains traditional and is largely about paper Forms, Excel spreadsheets, emails, scanned receipts, courier, etc. The result…busy executives constantly grapple with this time-consuming and often frustrating process.
Managements seldom address its adverse impact on employee productivity and morale. Absence of timely visibility and robust MIS on expenses, further establishes that it is a greatly sub-optimized business process
Organisations with a field sales force who interact with dealers, distributors & retailers have many challenges in managing people and getting visibility of sales & business process. Some of the challenges include-
Need to have unhindered access to legacy business systems while on the move
Delays in submitting expense reports and hence in receipt of reimbursement
Entering large chunks of date in cumbersome report templates leads to many errors
Risk of losing invoices & expense vouchers over time, if not recorded promptly.
Feature list of Expense Management Mobile App