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Industries
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TrackoBit
Manage commercial vehicles with the new-age Fleet Management Software
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TrackoField
Streamline your scattered workforce with Field Force Management Software
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Features Resources
What is Reimbursement?
Reimbursement is defined as the process of compensating an individual or an employee for the expenses they have incurred, on behalf of others or for official matters. Various industries reimburse their employees for travel, meals, accommodation, and mileage incurred such as:
- HVAC
- FMCG
- Servicing and Maintenance
- Facility Management
Why TrackoField’s Expense Management Software to Reimburse Employees?
TrackoField’s expense management software simplifies the procedure of reimbursement. It lets field managers eliminate the reliance on spreadsheets, minimize the risk of discrepancies, and ensure that reimbursements are done promptly and accurately.
Not just in simplifying reimbursement, but TrackoField’s expense management software helps in achieving:
- Easy Expense Upload: Receipt-scanning capabilities allow executives to upload bills and invoices just after they are incurred.
- Real-time Expense Tracking: Equipped with GPS technology and distance traveled reports, the software lets managers track business-related costs in real-time.
- Expense Categorization: TrackoField enables managers to create expense categories like office supplies, telephone bills, etc., for better expense management.
- Seamless Payout: Upon using TrackoField’s expense and payroll modules together, field managers can automate reimbursement calculation and processing with just a few clicks.
- Real-time status check: Executives can check the status of their claimed requests. Also, they get notifications just after the manager acknowledges their claims.