What do you answer to this question? Do you still have traditional workflows when it comes to expense management?
Many organizations would probably say yes and that is a shame. The payoff is significant by digitizing the processes revolving around expense management with a cloud solution. Also, it is easier to get integrated than you would think. In case you still are not convinced, we are bringing you four reasons why you should digitize your expense management:
1. Don’t sacrifice the bottom line
One of the advantages of having a cloud-based solution is that the costs of implementation are minimal. You get all the advantages of digitizing your expense management but avoid the significant investments that are associated with traditional IT projects. The more we digitize, the easier it gets to increase earnings, reduce operating costs and improve sustainability.
2. It does not require a lot of resources
There are always tasks to be done. The digitization of expense management is a surprisingly manageable project. Get your supplier to help with implementation if you do not have the resources. In reality, you only need to clarify with your supplier what parameters are important to you, review the flow of the solution, and ensure that it all plays out the way you want it to.
3. You can save time on administrative work
A digital solution will help you save time in terms of administration, auditing, transparency, and statistics. You will also have access to real-time data. And in addition, you also avoid unpleasant surprises, where employees come running with substantial travel settlements or expense vouchers, which should have been checked several months ago.
4. You can manage your expenses anywhere and anytime
Most of us are probably somewhat dependent on our mobile phones. So think how easy it would be if you could manage all the expenses on your mobile and avoid Excel sheets and heavy folders. You can!
With our app Acubiz One
, it is easy and fast to manage expenses – in the office as well as on the go.
We have developed various solutions, all of which help companies save time and resources on expense management. You can read more about it right here