![]() Doing this well means providing accurate expense reporting, adhering to company policy compliance and providing timely employee reimbursement. It must serve at least two masters: the finance department and the employee. ![]() On the finance side, does your bookkeeper and CPA use QuickBooks Online Plus, Sage, Xero Standard or Intacct? Choose a product that will integrate with their existing software they'll thank you for it.īuilding a great SaaS expense reporting and tracking product is not easy. If your mobile workforce uses iPhones or Android-based smartphones, you're in luck since most SaaS products do have apps for these platforms. The last thing you want to see is a bill for a new phone running your approved platform because the employee's initial device was not.įor example, if most of your staff uses Windows phones, you can overlook products that only have mobile apps for iPhone and Android. It's important to minimize employee learning curves so they will be up to speed on the new product with minimal brain damage and collateral costs. Next, take a look at the technology and accounting software your business is using and add this to your must-have business intelligence (BI) data. Use this information to create loose policies and rules based on location, your company averages and what you deem appropriate. This may sound like overkill but it will come into play if you need a multitier approval feature. What are those average expenses? Are they reasonable or do you think individuals are taking advantage? Create an organization map including the reporting/supervisory structure. Is it based in the United States? Does it do international business? What about the workforce? A good place to begin is with a thorough audit of how many employees in your company submit expenses for reimbursement including travel, business meals and even office supplies. Before you can choose a SaaS expense reporting software solution, you have to know your company.
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