White paper

Expense Management Solution: Is it a cost or an investment?

Accompanying with the elevation in technology & globalization, travel & entertainment, expenses have majorly intrigued into any organization’s cost. 48% of the enterprises were affected by employees losing their receipts or submitting the expense reports without the receipts. Submitting the expense reports without receipts can lead to fraud expense claims which would result in increased cost. 50% of the employees fail to submit their expense reports on time which leads to failure in claiming the input tax credit and thus resulting in an increase in cost. Hereby, to curb the organization cost of processing, automated travel & expense solution is a mandate.

This paper outlines the transformation of the manual process into an automated process has been an investment or cost.

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