Fast-Track Expense Reporting With Cloud-Based Mobile Software
Summary
As part of this arrangement with their employers, they may have been asked to track certain expenses incurred in working from home, such as their internet or telephone costs so the employee can be reimbursed. It also revealed an important fact: companies that embraced integrated, mobile-friendly cloud ERP software have been able to ensure business continuity by providing real-time information, up-to-date files, and embedded collaboration tools (unlike their competitors who continued to rely on legacy infrastructure and siloed applications). Cloud-based mobile expense reporting is a beneficial tool for both employees and employers, especially as the pandemic-induced new state of work continues. Research has shown that businesses that turn to ERP-integrated cloud-based expense reporting showed “quicker employee reimbursement, improved visibility into spend, increased ability to enforce travel policies, and reduced processing costs.” Regardless of whether expenses are incurred on the road or at home, they must be accounted for. A cloud-based expense reporting tool within a comprehensive and integrated cloud ERP solution is quickly becoming a must-have for the remote workforce.
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