3 Features to look out for in Modern Travel and Expense Management Solution

1. 3 Features to look out for in Modern Travel and Expense Management Solution Having a clunky old expense system does not work for millennial generation. Now that every employee wants to work with intuitive and user-friendly applications, it’s time for you to look for a modern expense management system. Of course, not every business has the same requirements; however there are some common features that every company needs when looking for a new solution. The following are four things to look for in expense software: Intuitive and user-friendly Your expense systems should be easy to operate and offer a good user experience. For instance, it should allow you to snap a receipt and email directly to your system. Also, your solution should have optical character recognition (OCR) capabilities so that it can easily read receipt data and get the required information such as date, amount, vendor and drop all these details directly into expense report along with the image. Your solution should support dragging and dropping feature, so that users can create expense report very easily. Mobility Business travelers are more likely to use a tablet or iphone than a laptop. Your solution should ensure a seamless mobile experience to users for creating and

2. submitting expense reports and approving for approvers. Native applications offer a lower level of functionality than web version, whereas, web-app-based system can be accessed through any browser and offers the same look and feel, regardless of the device it is being used on. Scalability When you choose a new expense system, you have to make sure that it doesn’t fit your current business requirements but also should be scalable so as to evolve your company changes. In business perspective, you have to make sure that when your headcount increases, the system should fit the increasing needs of business. This includes changes made to the business processes, rules and approval procedures. Therefore, it is important that your expense management system should get easily adaptable to the changing needs of businesses. This is not just a list of requirements. These requirements may vary from business to business. However, choosing a solution that has the above four capabilities can fit into any business size.