There are several reasons to use international expense management software. The main reason is the fact that it allows you to track expenses across borders and currencies. Its features are also extensive and it can manage the expenses of dozens of employees. The best part is that this software is easy to implement. In this article, we will go over some of the most popular and effective international expense management solutions. This way, you’ll be able to make a smarter decision about which one to use.

The best expense management software should have the ability to handle foreign currencies, receipt capture, direct deposit capability, and expense reporting. There should also be controls and cross-checks to reduce the chances of errors and fraud. Some of the most comprehensive and powerful programs also allow you to track corporate credit cards and integrate them with the expense management system. Other features that you should look for include multi-currency support and the ability to accept receipts from overseas business trips.

The best expense management software will allow you to add and reconcile credit card transactions. Some of these programs will automatically fetch transactions from the credit card statement. This makes it easier for your accounting department to reconcile international expenses. Remember that your international expenses are likely to be in a currency other than your own, so the expense management tool must be able to handle both types of currency. The most sophisticated of these systems will also have options for integration with other applications, eliminating the need to enter data twice.