Managing employee expenses can be a time-consuming and tedious task for both employees and finance teams. BizBox Employee Expense is an automated expense management solution that helps businesses of all sizes automate and streamline the entire expense claim process, saving up to 70% of the time typically spent manually handling the entire process, while increasing employee satisfaction.
Benefits of using BizBox Employee Expense
Below are some of the benefits of implementing and using the BizBox Employee Expense solution in your organisation:
Reduced time and workload: BizBox Employee Expense automates many of the manual tasks associated with expense management, such as data entry, scanning receipts and routing approvals. This allows employees to focus on more important tasks and finance teams to reduce their workload and increase efficiency by up to 70%.
Improved accuracy: The Expense management solution helps reduce errors in expense reports by giving employees clear and concise guidelines and automating many of the manual checks and reconciliations. This helps to improve the accuracy of expense claims and reduce the risk of fraud.
Better visibility and control: The BizBox Employee Expense management solution provides managers and finance teams with real-time visibility into employee expenses, which helps them identify and address potential expense issues early and make better financial decisions.
Features of BizBox Employee Expense
BizBox Employee Expense is a comprehensive expense management system that offers a wide range of features including:
- Automated expense submission and approval: Employees can submit expenses from any device, and managers can review and approve expenses from anywhere.
- Receipt scanning and OCR: The software can automatically scan receipts and extract data from them, so employees do not have to spend time and effort compiling the necessary data to submit their expenses.
- Policy enforcement: The automated solution can help companies enforce their expense policies by automatically flagging any expenses that violate company guidelines.
- Real-time visibility and reporting: Managers and finance teams are provided with real-time insight into employee expenses. System administrators can also generate reports on employee expenses that help them identify and address potential expense issues early on.
How BizBox Employee Expense works
BizBox Employee Expense solution is a simple and easy-to-use system for employees and managers. Employees can submit their expenses from any device, including their smartphone. They can also upload receipts and other documentation directly into the system with just one click.
Once an expense report has been submitted, it is automatically forwarded to the relevant manager for approval. Managers can then review and approve or reject expense claims from anywhere and also leave comments and feedback on any expense claim the employee has uploaded for approval.
Once an expense report is approved, it is automatically forwarded to the finance team for processing. The finance team can then process payments and compensate employees quickly and easily.
How to get started with BizBox Employee Expense
Getting started with BizBox Employee Expense is easy. Simply purchase licences for yourself and your employees and start using the system immediately. BizBox Employee Expense is an automated, innovative solution that requires minimal training for your employees and integrates seamlessly and efficiently into your business system, while providing more control over your expenses and reducing data silos.
iMovo’s BizBox Employee Expense is an automated expense management innovation that can help businesses of all sizes save time and money as it addresses the challenges of today’s fast-paced and digital environment that businesses face. If you are looking for a way to streamline and automate your employee expense process, BizBox Employee Expense is the perfect solution for you and your business. For more information about BizBox Employee Expense and other products in the BizBox Family, please contact us at bizbox@imovo.com and one of our industry experts will be able to help you with any questions you might have.
