- Use cases
- Digitalize your employee expense management
Control employee expenses easily
Manually managing employee expenses is time-consuming and tedious at best. Finance teams struggle to process and reimburse expenses quickly due to errors and lost or damaged receipts. This also leaves you vulnerable to fraudulent reporting, costing your business more money.
Managing your employee expenses is vital to controlling your company's operational costs. By digitalizing your employee expense management process, you can ensure, among other things, that:
- Employees follow expense policy guidelines
- Spend within their budget limit
- Expense processing and reimbursement times are quicker
Digitalize and automate your processes
You can get a real-time overview of employee spending by automating your expense management process with Continia Expense Management.
Expense reporting has never been easier - employees can upload their receipts through the mobile Expense App or the Continia Expense Portal, allowing immediate visibility and quicker processing.
Digitalizing your expense management process allows your finance team to work more flexibly, helping free up time for more important tasks while you stay on top of your company expenses.
Key benefits of expense management automation
Real-time overview
Keep track of employee spending in real-time and catch overspending immediately versus at the end of the month when you receive expense reports.Speedier approvals
Say goodbye to reimbursement delays. Accurate expense reporting means lower approval waiting times. You can review and approve documents – wherever you are.Increased productivity
Filling out expense reports and fixing errors is time-consuming. Fewer errors allow you to focus on your work, helping you increase overall productivity.Quicker decision-making
With instant insight into your employee expenses, it’s easier than ever to make informed decisions quickly about next month’s employee spending.Paperless processing
No more dealing with piles of messy, wrinkled receipts. The Continia Expense App lets employees snap, submit, and go!Keep track of cash flow
Keep track of company cash flow in your finance department by tracking employee spending in real time. With Continia Expense Management, you can monitor and control the entire organization’s expenses or keep an eye on the individual employee.
Adding Expense Management to your expense management strategy can aid your CFO in making timely, data-backed decisions when planning your company’s budget.
Collect receipts digitally
Lost or damaged receipts can hinder employees from receiving their reimbursements. In many cases, it adds to lengthy processing and reimbursement times. In the Continia Expense App, AI Receipt Scanner is a feature that digitizes receipt collection in your company.
Employees can snap a picture of their paper receipt, upload it using the Expense App or Web Approval Portal, and submit their expense.
Avoid fraudulent expense claims
As a financial controller, your job is to keep your company's money safe from fraudulent expense reporting. Many employees lie on their expense reports, some with malicious intent, while others try to remember details from the information they no longer have.
By automating expense reporting using intelligent OCR, employees no longer have to spend time manually entering information and are less likely to falsify data. If a receipt is missing, the system automatically sends a reminder for the employee to submit the missing documentation.
I think it's a lot more fun for people to put in their travel expenses than it was before, which has largely improved getting a grip on our expenses.
Optimize your expense management today!
Streamline your expense reporting with Expense Management and enjoy faster reimbursements, simplified workflows, real-time insights, and happier employees.
Click the link below to book a demo and automate your expense management processes today.