Automated vs. Traditional Means of Expense Management

1
Automated vs. Traditional Means of Expense
Management
2

• Manually documenting expenses and data and
  manually entering it into a spreadsheet can lead
  to missing important information in today's world
  of business transactions. Mistakes are a common
  occurrence, and managing expenditures is a chore.
  Human assistance is necessary at every stage,
  making the process useless.
• In addition, there are additional costs
  associated with paperwork in the expense
  management process.
• To summarize, firms that resist automation of
  cost management have a higher occurrence of
  mistakes, redundant procedures, and overall lower
  morale among employees.
• Traditional expense management
• In traditional expense management, the corporate
  employees need to submit the receipts of their
  office expenses. They will then spend time
  verifying and processing them with an employee or
  contractor responsible for managing the expenses.
• This method works well when only one person is
  doing all the work however, if it has multiple
  people involved in this process, they typically
  end up spending about 20 hours a month on
  processing expenses.

3
(No Transcript)
4

• Issues with the traditional way of expense
  management
• Wastage of time and Efficiency
• Information about spending trends
• Increased risk of fraudulent claims
• Automated expense management
• Most business owners know that their companies
  spend an average of 6 of their revenue on
  expenses. The more income you can generate, the
  less your expenses will weigh down your bottom
  line. With automated expense management software
  in place, business owners can create a virtual
  handle on the discretionary spending in their
  company, which they can tighten and loosen as
  need be.
• Automated expense management will automate the
  following critical areas of your business-
• AR AP Management
• Multiple Payment Gateways
• Estimate Management
• Financial Forecasting

5

• Ideal expense management tool for your business
• Invoicera is a cloud-based accounting tool for
  businesses. It is designed to help you manage
  your business finances, save time and do more
  with less.
• Invoicera automates workflows needed to process
  invoices and get data into your company systems.
  You can create templates for recurring revenue
  streams or daily tasks that need attention, then
  copy the templates as required to ensure
  consistency across team members and departments.
• Invoicera is successfully delivering outstanding
  results for more than 17 years to the following
  industries-
• Utility
• Telecommunications
• Transportation Logistics
• Real Estate
• Legal Firms
• Tours Travels
• Restaurant and Hotel 
• The ideal option is to use an all-in-one platform
  like to house your transactions centrally, giving
  any level of management real-time insight into
  spending patterns and trends. This, of course,
  results in greater budget use and increased
  employee morale by allowing employees to do what
  they were hired for.
• SOURCE Automated vs. Traditional Means of
  Expense Management

6
THANK YOU

• Feel Free To Contact Us
• Invoicera Inc.
• 2nd Floor, Plot no 55 P, Sector 44 Gurugram,
  India
• E-Mail support_at_invoicera.com