How Improve Employee Expense Management in Business with SAAS Based Expense Management Solutions

Keeping up to speed with the latest ways to manage expenses in small businesses has never been easier, thanks to the saas-based expense management solutions. Here’s why…

Let’s start with a simple definition. Saas stands for software as a service, and what it means is that users are able to connect to their own data from anywhere on the plant through cloud computing.
Opting for cloud-based expense management software that taps into the global network of powerful and secure servers forming the cloud streamlines any business process.

And it might be argued that online expense management solutions developers are in the forefront of maximizing the benefits offered by that technology through the way products are structured.

What’s in it for me?

The best saas based expense management software starts by getting into the mind of the user by asking the question that’s in their mind (even if they don’t realise it). The question is: “What’s in it for me?”

Solo Expenses, which has been producing expense management software for small business for more than 15 years, believes the key answers to that question are speed, accuracy and cost.

Speed comes in two ways. Firstly, because of the ‘universal’ nature of being able to claim approve and reimburse employee expenses, delays in old-fashioned paper-based processing are eliminated. The work can be done anywhere there’s a WiFi signal and a few moments to spare. Secondly, significant amounts of processing power are built into the background of the app. Data can be added, filed and subsequently collated at the flick of a thumb. Mileage claim distances can be calculated using GPS; tax rates can be factored in; currencies switched and converted; and the whole thing can be integrated seamlessly into the company’s accounting software.

Accuracy is delivered by elimination of the need for re-keying data at any point in the claim-approve-reimburse cycle, and by the tighter controls necessary to eliminate accidentally or deliberate fraud.

Cost benefits come in a number of ways. Expense management earns no revenue for a company, so doing it as quickly as possible frees up time for more profitable endeavor. Picking the right cost-effective solution offers another cost benefit through the savings it makes – which ought to outweigh the investment made in it. Strange as it might seem, effective use of online expense management software could actually become revenue earner for your business.

And what’s more, Solo Expenses offers some free features that stay free for as long as you’re a registered user. Others can be turned on or off through an easy-to-use dashboard (and paid for only when they’re turned on). Payment for the whole saas online expenses management solution, the way Solo Expenses has built it, is on a ‘per employee per month’ basis, making it perfectly scaleable. What’s not to like?

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