Where’s my app to claim business expenses?

ProSpend - loved by users, trusted by finance

Tuesday December 19th, 2017 Add on Products

In today’s mobile workforce, businesses need mobile tools to keep their staff productive both in and out of the office and happy. Tell an employee today to fill out an expense form and keep paper receipts, and you will most likely hear… Where’s my app?

Expense report software makes this process mobile, quicker, and easier for frontline staff to create reports and capture receipts. Integration with your MYOB Software also ensures workflow efficiencies for finance staff. For example, MYOB Advanced Business supports the simple allocation of payroll expenses to various projects and accounts through this integration. In combination with your MYOB ERP, technology add-on solutions can help you navigate payment challenges, improving cash flow and efficiency.

Here are the top 3 benefits companies gain from using the ProSpend (formerly expensemanager) application:

Simpler to submit on time

Employees with mobile devices and an app don’t have to bother toting a paper folder to hold their dog-eared receipts. Employees can track their expenses while they’re travelling, as they go. They don’t have to wait until they’re back at the office when the last thing they want to do is enter expenses into a spreadsheet and staple receipts together. They can create, edit, submit and approve expense reports from anywhere, anytime, on their mobile device. This also means they’re reimbursed faster.

More accurate

Those dog-eared paper receipts can get lost — and the longer they’re carried around, the harder they are to read. When your staff use ProSpend to take a picture of a receipt and quickly link it to an expense item, the expense is clearly and accurately documented. The same applies to credit card expenses. Our automated credit card data feed creates expense reports for them. Clever coding and receipt matching is used, which significantly reduces errors.

Easier to administer and paper-free

The benefits that front-line staff get with mobile expense reporting and virtual cards are clear. However, the finance function of expense reporting also has the most measurable benefits, which can be seen on the back end.

The most obvious benefit is that paper is eliminated entirely from the process. Users can snap a photo of their receipt and create a report online. Not only does this eliminates manually entering data for finance teams and filing, but it also significantly improves accuracy. Following the approval of the report, the expense data can be sent to MYOB, eliminating any data entry errors.

Improved and real-time reporting allows finance teams and business managers to make more informed decisions on their organisations’ spending, which can be used to help drive down costs. Much better use of an organisation’s key staff than pushing paper around and manual data entry.

What’s changing at expensemanager?

Expensemanager is now ProSpend. They have rebranded to reflect their evolution into a complete business spend management platform. With the new name and logo, they bring new business offerings that enable companies to manage all their business spend activity in one place, backed by the expertise and knowledge of the ProSpend team.

In today’s fast-paced world, it just makes sense for an organization to use mobile and automated business tools. Try out ProSpend (formerly expensemanager).

Want more info? Learn more about going mobile with expense reports with the ProSpend app.

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Organisations struggle to understand their financial health without clear visibility into where and how funds are being spent across different departments, projects, or locations. This lack of insight can hinder strategic decision-making for CEOs, CFOs, and business owners. Watch our webinar recording for CEOs and CFOs to learn how to automate your organisation’s accounts receivable process to improve spend management and visibility.