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Expense Management Challenges - how to solve them for optimum efficiency.

Ways to tackle outdated processes and improve your Expense Management workflows.

Suzi Jordan
Suzi Jordan Marketing Coordinator
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For growing businesses, managing expenses can be cumbersome and it’s easy to get bogged down in a complex maze of crumpled receipts and spreadsheets. 
 
Manual expense management is one of the most time consuming jobs, demanding careful attention to the smallest details to ensure accuracy and avoid errors.
 
Diverse currencies, unclear expense categorisations, late submissions, lost paperwork and time-consuming approvals all create bottlenecks in your financial workflows, leading to additional stress for those responsible.  
 
Having the proper infrastructure in place is the first step to meeting these challenges and Expense Management shouldn’t be the poor relation within your organisation that has to rely on out of date, traditional processes that drain company resources and are no longer fit for purpose.  
 
Why Automate?
 
Automating your Expense Management with the right tools and platform doesn’t just pay off in terms of saving time and reducing workplace stress, but will help safeguard your business from expense fraud, human error and reputational damage. 
 
Company policies can be enforced more effectively to ensure compliance and transparency, and everything is tracked and recorded centrally making auditing easier down the line. 
 
Using a trusted digital solution enables data security and allows you to control access to sensitive information. Approvals are automated, settings and notifications customised, and working from one central platform makes it easier to identify bottlenecks and issues so they can be quickly resolved.
 
Data can be called up in an instant at the click of a button, giving you full and precise oversight over your company expenses to gain a complete and accurate picture. 
 
Introducing WorkSmarter's Solution 
 
WorkSmarter recognises the challenges that SMEs face within their People Management workflows. Our online expense and mileage tracker has been specifically designed to make it easy to manage your costs and save time, offering a streamlined solution built for efficiency and ease. 
 
Handling expenses can be time-consuming and often leads to frustration. WorkSmarter's platform tackles these issues head-on, providing your team with smart tools to comprehensively manage company expenses without the traditional hassle.
 
Key Features
 
  • Easy receipt handling - turn a cluttered process into an orderly one: seamlessly upload and securely save receipts on-the-go from photos, scans, files or mobile devices. Enhanced scanning makes even blurry receipts readable. 
 
  • Intelligent Journey Planner – erroneous mileage claims can be costly: automated journey tracking ensures error-free mileage, does the calculations for you, learns your most frequent routes. 
 
  • Flexible claims – minimise room for error and confusion: define your own custom rules for individual expenses submission. An efficient, logical review system lets you approve, decline or query in bulk.
 
  • Multi-currency feature – working across borders shouldn’t complicate your expense processes: accurately record expenses in different currencies when working or travelling internationally, to mitigate the challenges of international business everywhere you operate. 
 
  • Strategic MI Reports included – comprehensive data-driven insights at your fingertips: get a key overview of your spending patterns, helping you evaluate, monitor and control costs before they escalate. 
 
WorkSmarter’s Solution
 
WorkSmarter’s solution to the tricky complexities of Expense Management helps your whole organisation by speeding up core processes and providing transparent reliability to ensure costs remain on target.
 
Easier submissions and quicker approvals reduce frustration and mean less time is spent on back-office processes so more energy can be focused where it’s needed. 
 
Providing your finance team with the right resources is simple and cost effective. 
 
Simple and Scalable Pricing
 
Partnering with WorkSmarter helps your business build in more streamlined and efficient workflows across your People Management tasks. 
 
WorkSmarter’s Complete Plan not only offers an exceptional expense management tool but also provides a suite of additional services to support your team's growth and productivity.
 
The Right Tools 
 
Our expert advisers are here to answer any questions and show you how Complete can work for your organisation. 
 
We take the time and care to understand how your unique business works so we can share our knowledge and expertise to best support you.
 
Reach out today and discover the difference the right tools can make. Get in touch: [email protected]
 
 
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