Travel and Expenses Management Challenges
Overdue reimbursements, poor data visibility into employees’ expenses, and time-consuming approval processes are just some of the travel and expense (T&E) management challenges companies today face.
Staff, management, and accountants are facing challenges such as:
Staff
- Complex reimbursement process
- Time-consuming approval process
- Inconveniences of keeping large amount of printed invoices, and storage
- Inefficient manual expense management processes, such as importing item-by-item reimbursement details into the office automation system
Management
- Lack of data visibility and cost control, leading to over-budgeted expenses
- Burden on finance team and managers to constantly remind and approve staff reimbursements
Accountant
- Tedious process for accountants when they have to constantly log in to VAT invoice platform
- Manual systems can be time-consuming and prone to errors
- Ensure reimbursements comply with the company's policies
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