Efficient expense management thanks to real-time apps

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It goes without saying that expenses have to be paid. After all, employees cannot be left with the costs incurred by their work while they are on duty. This makes it all the more important for companies to reduce costs. The key word here is expense management. New, efficient and digital tools help to reduce costs in the long term. There have long been tools that make it easy to report expenses using mobile devices. Applicable expense rates and other parameters are of course taken into account in these tools. Regardless of whether it is a general digital expense report or a digital travel expense report - employees only have to scan their receipts using a smartphone or tablet and they are processed by the tools.

Particularly noteworthy here is the Rydoo tool, car owner database which has been available since 2013 and simplifies travel expense accounting and takes numerous other factors into account. Overall, digital travel expense accounting ensures that administrative effort is drastically reduced and resources are saved. To make this possible, the expense management tool uses a large amount of information. It records all relevant processes of the business trip, including booking hotels or flights, and automatically compares these with the company's specifications regarding travel expense accounting. On the one hand, this ensures that traveling employees are only allowed to travel according to defined parameters and simplifies the entire expense management, as these specifications are valid company-wide or can be specifically adjusted if necessary.