Expense Management

Travel and entertainment (T&E) is widely regarded as one of the largest controllable indirect expenses for organizations, yet the cost of business travel is rising and demand remains high.* Businesses looking for new ways to reduce T&E expenses are discovering the key to expense management success is automation.

Automating T&E expense management reduces data entry errors, minimizes time spent on expense reports, and dramatically shrinks reimbursement turnaround time. Automation can slash processing times by as much as 80 percent—from four weeks down to a few days that, in turn, dramatically reduces processing costs.

Apptricity Expense Management automates expense reporting from report creation to employee reimbursement and simplifies the entire approval and payment process. This speeds the process of creation, routing, approval, and reimbursement, and creates clear, concise auditing of all expense reports. Expense policies are dictated by expense categories and exception-based business rules that ensure that discrepancies are clearly identified and routed to the appropriate approval manager instantly.

Apptricity Invoice Management automation delivers these benefits:

• Decrease report entry time by more than 60%
  (Average time shrinks to 10-15 minutes)
• Decrease time to settle an expense claim more than 90%
  (Average time is reduced from over 1 month to 3 days or less)
• Decrease average cost to process an expense report more than 80%
  (Average cost is $45)
• Reduce off-contract spending
• Improve your ability to negotiate prices with suppliers
• Greatly reduce error-prone manual data entry
• Improve corporate compliance
• Eliminate duplicate receipts
• Improve ability to enforce corporate policy
  
  

*Source: Business Travel Monitor released by American Express Business Travel