Automate and streamline your expense claim process and keep a close tab on your expenses!
Take your expense claim process online and go paperless. Settle claims on time. Gain insights with our reports or create your own.
Due to the tedious expense claim process, employees are sometimes left short of money which has a negative influence on their feelings towards their organizations.
Employees hand back billions – in excess of $1,500 billion according to a study – to employers in unclaimed expenses every year, but poor expense claim processes are costing companies through employee frustration and disengagement.
25% of employees felt that their bosses are gaining a financial advantage through their expense claim process.
20% exaggerate their claims because they feel ‘undervalued’.
Expense management systems reduce expense fraud incidents by 68%.
Two third of companies still uses excel to manage their expenses.
41.89% employees fail to submit expenses on time.
47% employees lose paper receipts and therefore submit expense claims without receipts.
47% of companies using manual processes name lost paper receipts as their largest expense claims management related pain point.
Companies that managed expense claims manually spent on an average $41.12 to process a single expense report, with compliance as low as 50%.
Companies using an automated system spent as little as $7.17 per report and had a compliance rate of 87%.