Automate Expense Control Processes

For many small and midsized companies, expense tracking is managed through Excel-based travel expense report forms and piles of paper purchase orders, requisitions and invoices.

These manual, paper-based processes for creating and approving expense reports, purchase orders and invoices are time-consuming and costly. Critical information regarding spending is difficult to compile and expense policies are hard to implement and enforce. Finally, manual processes offer little protection from fraud and are fraught with compliance risks.

More and more, companies are turning to ExpenseWatch.com to automate manual expense processes to alleviate these inefficiencies, gain visibility and ensure control over company spending.

Automating expense management significantly reduces the time and money it takes to process documents and manage the approval workflows. In a matter of clicks, expense reports, purchase requisitions and invoices can be created and routed electronically for approval.

Company spending policies are automatically enforced, ensuring that supporting documentation and expense attributes are properly noted. As the document flows through the ExpenseWatch.com workflow, set up to your company specifications, spending is flagged to visually show you how a transaction will impact a given business unit, general ledger account and more.

Like many small and midsized companies, you may find that automating expense management processes alleviates the need to hire additional staff to manage paper-flows as your company grows.

ExpenseWatch.com completely automates all company spending processes. With the time, energy and money saved, you can pool resources into analyzing and improving your business, instead of chasing paper.