Expense Management Software: Optimizing Business Travel And Expenses For The Global Environment

The growth of business across geographical boundaries has given rise to a multicultural

workforce as well as a customer base spread across various regions. Meeting the requirement of both, the workforce and the customers require frequent travel for the key personnel to these locations. Even though technological innovations has brought in a number of techniques, which makes communications across wide corporate, network easy, but nothing to beat a face-face discussion. Understanding such requirements as imperative, the budgetary committees of the corporate sectors work out strategies to manage the travel and expense of the top-of-line-executives on a minimum budget.

To facilitate the ever-expanding corporate network and business houses, a number of organizations have forayed into the market to provide automated business travel management services. The leaders in the service sector in an attempt to give the best to the end-user have exploited technological innovations and the benefits of cloud computing. Having designed and developed software, which is delivered through the cloud these IT service leaders have helped the organizations handle their corporate travel and expense management.

Unlike what the traditional expense management software provides, this cloud process based corporate travel management software provides end-to-end visibility and control of business travel expenses. This facilitates Corporates to lower direct travel costs, achieve better spend analysis and efficient travel administrations and in compliance with the corporate rules and regulations. Further, by integrating a number of Travel and Expense Management modules such as travel profile manager, travel request manager, booking manager, card expense manager, expense report manager and travel invoice manager this cloud based software creates a seamless business travel expense management within the employee life-cycle management of the corporate environment.

This digital management of business travel and expenses provides the organizations with a number of benefits. This helps the business houses and Corporates to significantly reduce travel administration costs by 75% and bring in faster turnaround time for handling business travel expenses. The expense management software, which works in compliance with the corporate laws and regulations, has an improved control over the organizations travel policies, business travel expenses and activities and also provides secure ownership of profile and trip information with enhanced management travel-related purchase process through credit cards. By integrating the system with the business process network, HR systems and accounting depts, allows for real-time information from the value network and effective cost control leading to improved customer satisfaction, organizational efficiency and reduced overhead costs for travel.

by: brianwarren

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