So, finance departments save hours chasing after receipts and processing expenses, while boosting VAT returns. While managers can approve transactions in real-time, and set individual spend and category limits, making unauthorised spending a thing of the past.Īll the digital receipts and spend data feed into the central portal, which integrates seamlessly with accounting software. Eliminating reimbursements and empowering workers to buy what they need to get the job done. When users make a purchase with their card, the app prompts them to take a photo of their receipt and upload it. This is where Accountabl Expense comes in, with its smart Mastercards and integrated central management dashboard and mobile app. They’re also open to abuse such as exaggerated claims. Collecting receipts and expense forms stunts productivity, and reimbursements can cause tensions between staff and management. Navigating business expenses can be tough, especially if you’re using a paper-based system. In this article, we look at six popular procurement tools that will illuminate your spending, helping you to manage cash flow and spending more effectively. Learn what steps you can take for better procurement. If the answer is no, you could be losing money to inefficient procurement processes or incorrect or exaggerated expense claims. But can you honestly account for every penny of expenditure? Understanding where the money is being spent in your business is essential for optimal financial performance.

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