With only a handful of employees, managing travel expenses is still doable using Excel sheets and paper receipts. However, when companies are growing, the whole process of approving, reporting, and analyzing travel expenses gets more complex, and not only do finance and accounting teams take most of their valuable time for things that could be easily automated.Companies should define what the status quo is and what they want to achieve with automating their T&E. Once the T&E process is automated, it's simple to keep up with company growth or increased employee travel, and it will save a lot of administrative costs in the long run.
Katharina Wodischeck, Finance Director, Adsquare