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Most firms dealing with travel expenses focus primarily on controlling actual travel costs, instead of also focusing on the cost of the time to prepare and approve expense reports. When you factor in the time of the traveler, approver, auditor and accounting personnel, it can take an hour to process an expense report - at a cost of nearly $50. Expense report software can be a cost-effective alternative when compared to manually entering information into a paper expense report. Many solutions pull information in directly from credit card and banking institutions, thus reducing data transcription errors. Some expense report software solutions are PC based, while others are web based. Web based expense report software has the advantage of allowing data and reports to be submitted back to office any time that an internet connection is available. |