Overview
Expense Management Software is adept at recording, reporting and analyzing and all your business expenses. This helps your organization view and control the expense flow. Having complete access to your expenses report and its analytics makes for faster processing, easier to track budgets, make better business decisions and reduce expenses.
An expense management tool adds value to your business by saving cost, ensuring better policy compliance, access to data, prevention of frauds and boost business management.
Bizinso can help you build an expense management system that can automate your expenses data and analysis for you.
Powerful Features
- Receipt management
- Expense management
- Mileage tracking
- Connect your corporate & personal cards
- Expense rules & report management
- Manage travel itineraries, configure travel policies.
- Simplified approvals
- Custom approvals
- Policies, Budgets & Security
- Reimbursement
- Set up workflows to automate mundane expense reporting tasks
- Role-based access permission
- Multi-factor authentication
- SSL encryption
Why should you use an Expense Management System?
Automation
Minimize the time spent manually performing the expense reports. Expense manage software provides complete computerization of the expense reporting process. This means you don’t have to spend time and man power over the reporting process.
Expenditure control
Improve your financial productivity with expense management tools. By setting up budgets, implementing policies, and constructing approvals flow, the software ensures minimum money wastage. This provides for better auditing too.
Benefits of expense management tools
Faster, simpler processes
Eliminate paper, automatically route expense reports to approvers and pay approved expenses electronically, reducing the time and cost.
Faster employee reimbursement
Employees recoup out-of-pocket expenditures much faster than through outmoded manual processes, enhancing employee satisfaction.
Fewer delays and errors
Software reduces likelihood of data-entry errors and can flag duplicate entries and prevent overpayment.
Increased operational efficiency
Reduced processing time and cost, increase operations efficiency and enables employees to spend more time on higher-value tasks.
Expense policy enforcement
Using custom rules, automated expense-management software flags out-of-polcy expenses.
Improves visibility
Dashboards display metrics like expenses per employee or per category and the time it takes to approve expense reports.
Simplified reporting
Reporting and analytics provide real-time insight into expenses by employee,, by project and by category.
Enhance Productivity
Employees scan receipt using smartphones and submit expense reports from anywhere. Manual tasks are eliminated for managers and their staff.
Increased compliance
Software simplifies compliance by automatically categorizing expenses and creating audit trail for tax purpose
Cost Optimization
Continuous discipline to drive spending & cost reduction, while adding business value that enables informed budgeting & spending decisions-making.
Why Bizinso?
Bizinso has expertise that spans across various verticals. We use pioneering technology to build software that can run your business for you. Our team of experts use the best of technology to deliver projects that is custom-made, cost effective and scalable. Your growing industry needs a technology that can adapt and grow, Bizinso excels at delivering all of this within deadline
