Business Should Use Travel Expense Management Software

Why do business travellers always look jaded? Is it that they’ve not slept in the same bed for more than one night this week, that they’ve changed their time zones more often than their socks, or that they dread filling in expense claims when they get back?

If travel for business is a must, there’s not much online expense management software can do about the first two – but it’s a different story when it comes to the third.

That’s because if there’s one thing top expense management software can do really well, it’s to allow expenses to be claimed on the go, filling in the dreary waits in airport lounges, reception areas, or interminable hotel room evenings.

With access to Wifi and employee expenses software like Solo Expenses installed on a smartphone, it’s possible to claim back a spend more quickly than it takes to spend the money in the first place.

Yes Bank meets Solo Expenses to create the best expense manager app

And the process has just got quicker thanks to a collaboration between Yes Bank and Solo Expenses using a BHIM UPI (it’s explained here) that means your claim for reimbursement will be logged at the bank and sit there until it’s approved, at which point the funds will bounce back into your account.

It’s a dynamic and user-friendly offering oftop expense management software, the first such development of its kind. Here’s how it works. And it means that employee expenses software can have the money back in their account whilst they’re still on the trip.

Backing up the speed at which expenses can be claimed and reimbursed is the ability to record, back at base, what’s been spent and why. It allows the opportunity to put different kinds of spending into different categories, which in turn leads to development of a crystal-clear audit trail in the fraction of the time that would be achievable in the old school way.

What’s more, it eliminates the possibility for error, which is far less likely with online expenses software because there’s no need for any kind of data entry beyond the point of claim. The software deals with all of that.

After the trip
Once the trip is over, because the software collated all the data diligently and accurately, the real cost of the trip can be assessed in comparison to the business that was won as a result. In effect, it’s a significant amount of management information you can use to take informed decisions the usefulness of further business travel.

And it’s free
Yes, that’s what we said. It’s free for life to use the most basic elements of Solo Expenses, and other parts of our feature-rich offering cost only a tiny amount – less than the price of a cup of coffee per employee a month. And if that doesn’t sweeten the time-saving deal, we don’t know what will.

Comments

  1. huzaifashaikhFebruary 7, 2022 at 1:30 AM

    expense management software Thanks for a very interesting blog. What else may I get that kind of info written in such a perfect approach? I’ve a undertaking that I am simply now operating on, and I have been at the look out for such info.

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