For companies looking at expense control and expense policy compliance, there are many challenges today, which includes areas like T&E Management, Expense Management, Spend Management and Vendor Management.

Key challenges are:

• In a manual process claim approval for Travel and Expenses (T&E), it is difficult to ensure that the right people authorize the payments, based on their approval limits.
   

• In a manual process your teams waste time in tracking status of any employee claim or vendor bill. With thousands of vouchers each month, it is practically impossible to track the status.
   

• In the absence of an automated system, past records are not easily traceable – therefore it is difficult to check “typical” expenses for an employee, or a particular spend category.
   

• In a manual system it is difficult to track purchases initiated by employees across the locations you operate in. Hence it becomes more costly for the organization to have employee initiated purchases.
   

• Budgets and tracking their utilization is difficult with spreadsheets alone – this process needs to be closely integrated with your purchase process. In the manual system it is not possible to have a mature budgeting control process.
   

• Many errors creep into accounting entries as well as MIS – which again are a cost your organization. These errors also create work for your teams, which can be avoided.