Expenses Management software - refers to the system and/or systems deployed by a business to process, pay, and audit employee-initiated expenses.
Good employee expense management software should:
- Permit efficient detailed submission of expense claims and automatically route them for authorisation and review in accordance with the prescribed company expenses policy
- Provide detailed reports to allow companies to determine spend patterns, benchmark category spending and permit fast payment to claimants
- Provide sufficient information to allow companies to meet their regulatory reporting obligations in respect of personal income tax and VAT
It is essential, when software is implemented, for appropriate support and training to be available.
Payhawk
Payhawk is a leading spend management solution for domestic and international businesses throughout the US, the UK and Europe.
Payhawk combinines corporate cards, expense management, Accounts Payable and seamless ERP connections. Used by finance teams in 32 countries.