By Joan Honig, DocuWare: Although employees may be traveling less and working from home more, it doesn’t mean that they aren’t submitting expense reports almost as frequently as they did before the pandemic. Generally, travel costs have been reduced, due to the continued prevalence of online meetings. However, that hasn’t eliminated the risk of unnecessary or fraudulent spending.

If your company is still using spreadsheets to keep track of paper expense reports and receipts, your accounting department staff is wasting untold hours on scanning and data entry. You’re also losing out on the opportunity to track and monitor employee spending to identify potential savings. You can’t rein in expenses if you don’t have an overview of how money is being spent and how much each expense category is costing your company by department and individual.

Click Here to Read the Rest

SOURCE DocuWare