The start of a new year is the perfect opportunity to streamline current day-to-day processes and create cost-saving efficiencies. It’s a chance to take a fresh approach and train staff on new ways of doing things, setting yourself up for a successful year ahead.
Lodging expense claims is one of these essential processes, which needs to be managed to maintain productivity and keep costs down.
Expense claim processes are typically time-consuming and frustratingly manual, requiring a lot of time and attention. Many organisations are still managing their records using Excel, the same way they did in the 90s, with 37% of businesses identifying manual data entry and inefficient processes as a core challenge. Of course, keeping accurate records is a necessary burden to keep on top of business expenses and tax requirements — but with the right tools at your disposal, it can become far more streamlined and intuitive.
To understand a few ways successful businesses are evolving their expense processes read the fullSmart Company article by Darrin Grafton, Serko Limited co-founder and chief executive officer.