If you’re as bad as I am at losing receipts for your expenses then the fact that this app allows you to scan your receipts and store them in a folder in the cloud is enough in itself.
Expensify obviously does a whole lot more than what I’ve mentioned so I thought it might be worth creating this short blog for those of you who might not know about how it can help your business.
Expensify is a fully automated tool for expense report management, receipt tracking and business travel.
Some of the great ways Expensify can help your business are:
Automatic Expense Reporting and Submitting
Your employees can scan their receipts via the smartphone app and Expensify will then assign them a code before reporting the expense. The expense will then instantaneously be sent for approval.
This speeds up the expense management process by preventing any common issues such as lost receipts or waiting for approval until the end of the month.
Automatic Reimbursement
No more making employees wait until the end of the month to fit it with your rigid finance processes. Once the expense has been approved the money will be delivered in the employee’s account the next day.
Automatic Approval
You can define what type of expenses need a manager’s review and which one’s can be automatically approved to speed up the approval process.
Integrates with Accounting software
Expensify fully integrates with most well known accounting packages on the market.
Business travel expenses
GPS technology is used to track business travel expenses. It automatically tracks the distance travelled and then records the expense with any required deductions or reimbursements.
Tools like this might not be the most exciting but they save a hell of a lot of time and they plug the niggly little holes in your business processes that can often be overlooked. Start refining the processes in your business and register with Expensify. It only costs between £3-£6 per month per user.
