Online software that enables employees to submit expense reports can save companies time, money, and paper. These programs enable employees to enter expenses from a computer, tablet, or smartphone. Once submitted, managers and accounting staff can review the reports and move them to the next stage. This feature is available on any internet-connected device. The best expense reporting program is flexible enough to meet the needs of different companies. Depending on your business needs, you may consider purchasing several options.

There are many expense management software solutions available. The choice is yours. Choose a solution that best meets your company’s needs and budget. You should also take into account the security and compliance requirements of your industry. While you may be the CFO, it’s helpful to have input from other stakeholders. Ask your employees about their spending habits and the reporting needs of your company. It’s a good idea to test-drive the software with all types of stakeholders to see if it’s right for you.

Expense management software should be secure. It should be SSAE18 or SOC I Type II compliant and undergo audits to ensure its data handling and processing are secure. It should also allow you to track costs more efficiently. Some systems even allow you to link receipts to expenses. If you’re looking for a comprehensive expense management solution, ExpensePoint is a good choice. Its features make it easy to create and share reports with different types of stakeholders.