Part one of this series on expenses automation explained the growing importance of capturing and tracking expenses to keeping a handle on the financial pulse of a business and to document outgoings for tax and accounting purposes.
However, the process is often fraught with difficulties, mainly due to quirks of human nature. Because it is such a source of frustration and delay, expenses management has been the focus of a wave of technology innovation.
Web-based tools give finance departments a platform to simplify data entry, bypass spreadsheets and capture receipts remotely into the accounting system. Adoption rates for expenses management tools have climbed steadily over the past few years. And though some clear leaders have emerged in corporate and small business sectors, new entrants appear on a regular basis to take on established players in a market that continues to expand.
To keep pace with these developments, the AccountingWEB team reviewed a number of currently available expense management apps. This is by no means a comprehensive list...