Forget about preserving old receipts that become difficult to read over time. Every time an employee makes an expense, they can scan the receipt using the OCR and allow ExpenseOut to automatically generate a clear expense report faster reimbursements.
With ExpenseOut’s ability to detect and stop fraudulent expense claims, which leads to companies spending 7% more than necessary, you can drastically cut down on erosion in the cash flow. Also, make sure every transaction is accounted for by setting up approval flows.
Manually checking policy compliance is tedious and error prone. With ExpenseOut, you can automatically ensure that all employee spending is per company policy. You can make exceptions for when the violation is justifiable, such as a meal with an important client.
In a department-wise manner, you can double-check expense reports for accuracy and proper documentation of the expense. The accountants will further have a bird’s eye view of whether all the expenses were necessary and in alignment with the company policies.
ExpenseOut is a web-based self-service tool for employees, which automates the process of requesting, approving and processing employee requests, thus reducing the time it takes to clear employee claims.
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