You know the scenario. Employees hoard expenses and submit them once in a blue moon. And because they’ve hoarded so many, they’re out of pocket. The employee spends non-productive time doing “expenses admin” and inevitably gets frustrated when they have to wait weeks and weeks for reimbursement. Finance teams get blindsided because they have sudden expense claims that they weren’t expecting. More often than not, right at year-end.
Having your expense management system separate from other systems only exacerbates these delays.
What is end-to-end expense accounting?
End-to-end expense accounting is a big priority for our customers. Connecting to accounting and finance tools, such as QuickBooks and FinancialForce, is non-negotiable for finance teams to achieve complete end-to-end expense accounting.
Whether submitting, claiming, reimbursing, reporting or interrogating, end-to-end expense accounting saves everybody from time-consuming tasks. Increased productivity comes from reliable receipt management, bulk approvals, back-office integrations and instant analysis of spend no matter the time of year.
That’s why SalesTrip’s expense management system doesn’t work like traditional expense systems.
You don’t have to submit laborious, complicated reports. You just submit expenses, as they’re incurred, directly against the business purpose in your CRM such as a customer account or marketing campaign. Then, once that expense is approved by your manager, it’s automatically sent as a bill to your company’s accounting system and is promptly reimbursed. What a great experience for employees, and what a reduction in expense admin for Finance.
To understand this in more detail, watch our short video.
