Along with being an administrative burden, manual expenses processes can also be:
Time Consuming
Wading through piles of paperwork and crumpled receipts is a colossal waste of time and not value adding.
Prone to human error and fraudulent activities
If you’re managing expenses manually, there is a high chance of human error and you might not be able to check everything is right, which could result in overpayments and being a victim of expense fraud.
Non-Compliant
When administrating expenses manually, it can be a challenge to ensure you’re doing it in a compliant way with the right paper trail, which puts you and your business at risk if and when you’re audited.
Lacking in Data insights
You’ll also be missing out on valuable insights that will drive smart financial decisions.
What’s the solution?
Digitalising expenses is the answer to all of these problems. It helps you save time, it removes human errors, it’s more accurate, there’s a proper record of everything and you’ll have all the data you need to make great business decisions.
To help our clients, we recommend that they use HR software, like Breathe. Breathe’s expenses functionality takes the headache away from managing expenses and frees up your time to work on the business.
Breathe’s expenses module is a simple and speedy way for employees to claim their expenses. They can:
- Effortlessly record and submit expenses at their desk, at home or on the go
- Calculate mileage quickly
- Snap receipts on their phone and upload them in a flash
If you’d like to discuss Breathe and how it can work for you, please get in touch with us.