Despite advancements aimed at shrinking travel in the business world with technology such as online meeting rooms, web conferencing and communication tools, T&E expenditures continue to rise. PayStream Advisors conducted a first quarter 2013 Travel and Expense Management Adoption survey of over 300 professionals from a variety of finance and accounting positions. The vast majority (58 percent) of survey respondents report that T&E spend has increased over the last three years. Automating expense management is critical for organizations looking to rein in costs and improve employee satisfaction. By not automating expense management, many companies are choosing to let employees misuse and abuse expense accounts. Often employees will knowingly commit fraud on an expense report because for some reason, they feel justified. Even employees who are trying to follow procedures can unknowingly be costing their company thousands of dollars in rogue spending.
When exploring expense management automation solutions, make certain to consider the hottest T&E trends:
- Ease of Use – ExpenseAnywhere has been named the easiest to use T&E Automation Solution in the industry!
- Pre-Trip Authorization (PTA) –ExpenseAnywhere features a built-in PTA module that helps company administrators enforce policy, resulting in much tighter control of overall spending!
- Online Booking – ExpenseAnywhere is the ONLY T&E Automation Solution that is partnered with Orbitz for Business!
- Expense Reporting – ExpenseAnywhere has a full suite of solutions that can automate the simplest and most difficult of expense reports on a global scale!
- SaaS Solutions – ExpenseAnywhere is the only SaaS-based solution that is fully configurable, and can be customized to your companies current processes and procedures—we give you want you need, not what we think you need!
- Mobile Functionality – ExpenseAnywhere offers complete mobility regardless of what mobile device your travelers are using!
- Robust Reporting Capabilities – ExpenseAnywhere features the most robust reporting dashboards with complete drill down capabilities, giving you the information you need when you need it!