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23 Sep 2016

Buy expense and travel management software with a few considerations

When organizations want to manage the things smartly and efficiently, use of smart and efficient automated tools become inevitable. Nowadays, progressive companies make use of travel and expense management software for reducing the burden of HR function. The mundane, repetitive work can be done easily by using computerized tools. Expense management has evolved greatly in the recent years, and software development companies keep on releasing new and improved versions of the software. With more sophisticated modules are available to companies providing project management Mumbai, HR managers and employees get great benefits.

Some people think that the versatility of the modules might be confusing for the employees because of the complexity of the technology. In reality, expense and travel management modules are quite easy to understand. Even non-technical people can also use them without any hassles.

You need a flexible platform for employees

When you implement travel and expense management software in the company, make sure it is multipurpose and versatile. It should give a full-suite expense recording and report module. If the module is an integrated one which handles expense and travel both, then the modules should be distinguishable and unambiguous. Profile-based access to the users makes it easy for everyone. It should have integration to the budget allocation so that validation checks can be configured for expense limits. A reporting module should be there with a detailed transaction and MIS reports employee wise, department wise and expense head wise. User-defined reports should also be there along with tailor-made reports.

Travel expenses top in the list of expenses

Though employees incur several types of expenses, and most of them are reimbursable, travel expenses share the biggest chunk of the pie. Whether you run a manufacturing unit, service industry, IT industry or a company that offers project management Mumbai, travel expenses are the inevitable part of the annual expenditure. Therefore, you should keenly look at the functionality offered in the expense management software. Always buy software that is fast, user-friendly and robust.

Apart from volume, travel expenses are the most complicated category of business expenses. There are multiple facets of it, and the software should be capable of managing all the intricacies. When employees submit and process travel expenses using software, there is surety about accuracy and integrity. Reimbursement process happens through process flow and employees get a status update at every milestone. It creates a transparency in the system. From employees and Managers perspective, it is convenient.

About Vritti

Cross departmental work visibility through vWorkbench: Cross departmental Work visibility is an outstanding feature of vWorkbench. Department Head or CEO can have clear Task visibility of the ongoing Assignments. Individual User wise Task visibility is a particularly attractive feature in the case of critical Projects.