Tuesday, August 23, 2011

An Ideal Online Expense Application - Part II

Usually, a company does different kinds of transactions with its employees, who visit different places to do specific tasks on behalf of the company. If an employee is allowed to submit the bills only after his/her entire trip is over, not only does this make the employee frustrated but this kind of transaction can put the employee in cash-starved position. What keeps the employee happy is when the company starts reimbursing the employee after receiving his/her first bill. This kind of reimbursement is possible only with the help of an Online Expense Application.

An ideal online application provides the client company ready and relevant customized features. It enables the client company to set limits for a particular disbursal, allows the employee to scan and upload receipts, let employee know whether he/she needs to submit a receipt for a particular expense to get the reimbursement, whether a particular disbursal is reimbursable or not, etc.

ONLINE APPLICATION

It allows the expenses Approver to approve/reject the employee claim. Not only the approver can sanction only that much amount what the company is permitted to reimburse even though the employee has claimed more but also can do part payment of the sanctioned amount.

An online application with a snazzy GUI and easy to learn/understandable features enables the employee to easily interact with the application and get quick results in real time. Any time, any where, the employee can key in the details and get them approved by his/her approver, who sits somewhere else, with in no time.

Summary

As an Admin, an Online Expense Application brings transparency and credibility to your transactions with your employees. Ensuring that disbursal bills are paid on time is a good business practice. This application, which can facilitate real time, cross-network transactions, and improved decision-making at the approver's end, is possible with a SaaS-based delivery model.

An Ideal Online Expense Application - Part II

ONLINE APPLICATION

1 comment:

  1. whether he/she needs to submit a receipt for a particular expense to get the reimbursement, whether a particular disbursal is reimbursable or not, etc. project management and collaboration

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