In today's world of globalization, travel has become an unavoidable aspect of conducting business. As more companies seek ways to reduce travel related costs, the top companies understand that they must adopt a mature travel management policy that can be incorporated into an effective enterprise-wide automated solution.
- Employee expense management is an ongoing business challenge
- Impacts corporations of all sizes
- Usually there is no control and accountability in the process
- Compliance with corporate policies is non-existent
- Almost no visibility & tracking in employee spending
- Slow and error prone manual processes that are also paper based
- Frequent travelers spend too much time on expense reports
Even the most change resistant companies must closely manage costs related to business travel. Managers in multi-tiered, multinational companies seek more transparency, better cost-control and new strategies for managing the ever expanding costs related to business travel.
According to analyst data, travel costs are expected to rise by as much as 22% in the following years in addition to increasing financial fees and overhead charges.
Taking this into account it is as important as ever to control these costs. Companies must analyze travel policies, establish safeguards against reckless expenses, educate employees and constantly monitor expenses leading to immediate tangible savings.
Gorilla Expense helps companies track travel spending in detail. With ease of implementation, ability to interface with various ERP systems and array of configurable features, companies will attain compliance and cut costs.
- Improve productivity of Employees by facilitating focus on important work rather than expense reports
- Reduce expense report delinquency by at least 40% so that credit card late fees are avoided
- Slash costs for processing expense reports
- Realize savings through ERP/Accounting integration by eliminating manual processes & minimizing errors
- Achieve spend control through policy enforcement and auditing
- Enhance visibility with in-built reporting that helps stakeholders make informed decisions to tackle spending
- Increase efficiency by more than 25% through mobile apps & automatic credit card import
- Streamline processes by more than 60% by allocating expenses to different accounts, projects etc
- Invest in the latest technology with quick ROI
- Eliminate the use of paper by more than 80% with an electronic solution