It might seem counterintuitive, especially for a small business, but not buying software to help you manage expense reports can get, well, expensive. According to the Aberdeen Group, it costs SMBs on average $35.02 to process one expense report
If your company is like most of the others from Aberdeen’s research, this number is likely north of $30 per expense report. Don’t feel like doing the math? Use our calculator to see how much spreadsheet expense reporting is costing your company.
An automated travel and expense system may feel like overkill when spreadsheets are “free,” but automated expense management software really start to make financial sense when you take into consideration the amount of time your people spend filling out and reconciling expense reports—time that could have been spent on more strategic tasks.
Author – Concur India
Source – https://www.concur.co.in/newsroom/article/are-your-t-e-costs-topping-the-charts1524555527088