#1 Expense Management Software

Expense management software is an electronic platform that helps businesses simplify the process of expense reporting, claiming, and processing for reimbursement. It further helps:

- Automate expense proof submission digitally.
- Oversee approval of business expenses from the hierarchy of managers.
- Track the real-time status of expense approval with reminders.

Yes, our expense management solutions is suitable for every enterprise dealing with field staff and their expenses frequently. Be it sales, operations, logistics, delivery, pharma, or so on.

To automate expense management, you must integrate a dependable expense tracking tool to your existing CRM and HRMS portal that lets you:

- Use OCR for receipt scanning
- Set automated approval workflows
- Employ AI for categorization and insightful report generation.

Wondering where to find such an efficient expense management platform? Did you try TrackoField for free?

Choosing cheaply available and random expense tracking software can put you through various challenges like:

- Difficulty for user adoption.
- Integration complexities with existing systems.
- Data entry errors.
- Lack of compliance with company policies.

That is why you need the best expense tracking tool that lets you seamlessly automate the process without many gaps and anomalies.

To track your expenses in Excel:

- Create columns for date, description, category, and amount.
- Enter expenses in the amount cell.
- Use SUM for totals and format cells for currency.

Expense management solutions work in 4 simple steps:

- Claim filing with evidence upload.
- Expense categorization for clarity.
- Setting of the hierarchy of managers.
- Rejecting or approving the claims for reimbursement.

A standard expense management software must offer:

- Options to file expenses with quick bill upload.
- Settings to add or edit approval managers hierarchy.
- Put caps on spending on fuel, food, or stationary.
- Options to separate expenses under various heads like — travel, food, stationery, and miscellaneous.
- Easy integration with existing ERP, CRM, and HRMS portals.

On average, Field expense tracking app costs range between $5 to $15 per user monthly. However, the prices depend on the vendor you are choosing, the types of features, and the number of users you are planning to onboard.

Expense Management

Expense management is all about tacking and controlling individual costs that are incurred by a business.

Spend Management

Spend management is all about strategically reviewing and optimizing all expenditures to maximize value, efficiency, and compliance across the organization.

All-inclusive employee expense management software is a platform that prevents you from using multiple apps. It offers you all the features, and functionality you need to manage expense claims and settle under one hood.