Expense Management

What is Expense Management?

Expense management encompasses processes and systems for submitting, approving, reimbursing, and accounting for employee business expenses.

Modern expense management platforms allow employees to photograph receipts, submit expense reports via mobile devices, and track reimbursement status. These systems automate approval workflows, enforce policy compliance, integrate with corporate cards, detect duplicate submissions, and sync with accounting software. Features include mileage tracking, per diem calculations, multi-currency support, and real-time reporting.

Effective expense management reduces processing time, improves policy adherence, enhances visibility into spending patterns, accelerates reimbursements, and simplifies financial reporting while controlling costs and ensuring compliance.