Benefits of Using Talygen’s Expense Tracking Software for Your Business
Tuesday, May 22, 2018 | Expense Tracker
Technology has eased down the burden of managing employees’ expenses, which is considered as one of the most time-consuming tasks for managers of an organization.
Earlier, entire expense management was done manually through a pen-paper process. It was a tedious process which cost both time and money to the company. Thanks to online expense tracking software that brings a number of benefits to the organization, expense management has never been easier.
Talygen is one of the most popular expense tracking applications today. Talygen offers an expense tracking system which allows users to log various expenses related to projects, trips, and other official expenses. Later, they can send the expenses for approval and get them reimbursed by the client or organization.
In this post, we have compiled 5 key benefits of using Talygen’s expense tracking software to achieve your business’s financial goals.
1.Reduce Mistakes and Delays Caused by Manual Process
Traditional ways of managing expenses were full of risks. Managers used to draft paper-based reports related to expenses and then shared those papers/spreadsheets with managers for their approval. This was a lengthy process full of numerous errors and wastage of paper.
Talygen’s online expense tracker is an easy to use application that allows users to log expenses for multiple projects and trips, send for approval and ultimately get them reimbursed by the client or company. To add expenses, a team member can enter the expense details associated with a project and also add other expense details as an attachment. Talygen enables an easy submission of expenses through the web, desktop and mobile application.
2. Pre Defined Roles
Expense management of an organization usually brings lots of confusion for the upper-level managers. This is due to lack of transparency and accountability. Often, there is a lack of clarity on who is responsible for approving the expenses. There are multiple approvers for each type of expense.
Talygen’s expense approval system is highly flexible according to business needs. It automates and streamlines workflows associated with creating, approving and managing expenses. Here, roles are clearly defined. Senior Managers have authority to appoint different approvers under an organized approval chain and approval group in accordance with company’s policies.
The approvers are solely responsible for approving or rejecting expenses submitted by users. Senior Managers can define time limit within which expenses should be reviewed and approved by approvers. If expenses are not approved within the set time period, approving managers can be notified. This process tends to save your precious time and reduce possibilities of errors.
3.Automated Communication Process
Lack of effective communication is also one of the biggest reasons for delay in the expense management process. For example, a team member returns back from an official trip and sends expense report to his manager but it is still pending because his manager doe not have the time to read his e-mail or in certain scenarios the finance department does not know that the expense has been approved. All these are block holes in managing expenses due to communication barriers.
Talygen’s expense tracking software is completely automated and its seamless communication process allows users to get quick approval for expenses they have made. Talygen’s expense management system comprises of pre-defined approval chains and groups. Defined by Senior Managers, these approval groups and chains include list of expense approvers.
With sequential and non-sequential feature, if an approver is not able to approve or reject the expense, then any one of the approvers in the list can approve the expense. The moment, any of the managers approves or rejects an expense, a notification message or alert will be sent to all the managers/approvers. This ensures timely completion of tasks without any work loss or bottlenecks.
4.Faster Reimbursements
When expense reimbursement process takes too long, it becomes a frustrating for team members and entire expense management system fails to work properly. Talygen’s expense tracker application offers an online reporting system which helps users get faster reimbursement of expenses. With Talygen mobile application, users can submit expenses while they are not in office. Approving managers can immediately view and approve these expenses with their comments.
Final Words
Today, organizations are looking for cost-effective and time-saving solutions to get maximum output in minimum time. Talygen’s expense tracking application saves time and money by reducing traditional paper-based expense management processes. The best part of Talygen is that it enhances expense monitoring system and reduces company’s costs.
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Friday, July 31, 2020
8 Things to Consider When Choosing an Online Recruitment Software
Friday, July 31, 2020
Expense Tracking App: Top 4 Expense Tracking Apps for Entrepreneurs
Monday, July 27, 2020
Online Time Tracker: 8 Instant Benefits for Businesses
Tuesday, July 21, 2020
Resource Scheduling Solution: 3 Most Common Resource Scheduling Mistakes
Thursday, July 16, 2020
8 Tips To Enhance Employees Productivity
Wednesday, July 15, 2020
3 Unique Benefits of Advanced Screenshot Tool for Small Businesses
Thursday, July 09, 2020
5 Best Billing & Invoicing Tools for Startups
Tuesday, July 07, 2020 Jun
Customer Relationship Management Software: 4 Reasons Your Company Needs a CRM
Tuesday, June 30, 2020
Top Five Project Management Problems Derailing Progress
Sunday, June 28, 2020 May
Avoid these Top 4 Mistakes While Choosing an Employee Monitoring Software
Friday, May 15, 2020
Employee Monitoring Software – Some Key Features
Wednesday, May 13, 2020
Top 6 Ways to Boost Remote Team’s Performance with an Employee Monitoring Software
Thursday, May 07, 2020 Apr
Mar
2019
Oct
Does A Company Need An Effective Performance Management System?
Tuesday, October 15, 2019
Advanced Time Tracking Software for Increased Productivity
Tuesday, October 15, 2019
Explore Wonderful Benefits With Advanced Talygen Application
Monday, October 07, 2019
Does A Company Need An Effective Performance Management System?
Monday, October 07, 2019 Sep
Know The Most Effective Way To Manage Business Projects Successfully
Friday, September 27, 2019
An Ultimate Guide To Project Invoicing Software
Monday, September 16, 2019 Aug
Smart Tips To Get More Productivity With Your Project Management
Tuesday, August 27, 2019
A Closer Look At Project Management Tracker
Monday, August 19, 2019 Jun
Create Systematic Arrangement with Personalized Project Management Dashboard
Tuesday, June 18, 2019
What Features Make Time Tracking Tool More Effective
Monday, June 10, 2019 May
Best Way To Enhance Project Productivity Beyond Expectations
Friday, May 31, 2019
Enhance Business Productivity With Advanced Project Management Dashboard
Friday, May 24, 2019
Choose Efficient Online Performance Management Software
Tuesday, May 21, 2019
A Quintessential Guide To Project Invoicing Software
Tuesday, May 14, 2019 Apr
Strategic Reporting Software To Improve Business Productivity
Monday, April 29, 2019
Benefits of Effective Project Management Software
Sunday, April 14, 2019 Mar
Feb
Improve Business Productivity with Talygen’s recruitment Software
Thursday, February 28, 2019
New Features and Key Updates of Talygen’s Customer Relationship System
Monday, February 18, 2019 Jan
Client Portal System: Time And Expense Approval By Clients For Smooth Evaluation
Tuesday, January 22, 2019
Talygen’s Message Board Module: The Best Real Time Client Communication Platform For Businesses
Wednesday, January 16, 2019
Talygen’s Resource Scheduling Solution: The Best Tool to Manage Your Resources
Friday, January 04, 2019 2018
Dec
5 Reasons Why You Need An Expense Tracking Application for Your Business Organization
Wednesday, December 26, 2018
How To Improve Your Sales By Applying CRM Automation
Monday, December 17, 2018 Nov
Talygen’s Project Management Tool: A Tested and Proven Web based Project Management System
Thursday, November 29, 2018
5 Reasons Why Organizations Need Talygen’s Knowledge Base System
Thursday, November 15, 2018
How Can Good Leadership Enhance Employee Time Management
Thursday, November 15, 2018 Oct
Talygen’s Unbeatable Project Request Feature for Long Term Relationship With Clients
Tuesday, October 30, 2018
Increase Your Transparency and Accountability with Clients Using Talygen’s Client Portal System
Wednesday, October 10, 2018 Sep
Aug
Jul
Jun
How to Manage Your Employees with Talygen’s Employee Management Software
Friday, June 29, 2018
5 Advantages of Using Talygen’s Job Portal Software
Monday, June 11, 2018 May
Apr
Talygen’s Time Tracker with Screenshots: An Indispensable Asset for Your Organization
Sunday, April 22, 2018
4 Essential Things You Should Consider Before Choosing A Time Tracking Software
Friday, April 13, 2018 Mar
Empower Your Business with Customer Relationship Management Software
Monday, March 26, 2018
Why Your Business Needs To Invest in a Project Management Software?
Sunday, March 18, 2018 Feb
2017
2016
2015
Oct
Sep
Aug
Why Do You Need the Talygen Time Tracker?
Tuesday, August 25, 2015
Five Features that Will Make Managers Love Talygen
Wednesday, August 12, 2015 Jul
Jun
May
Apr
Mar
2014
Dec
CES Series: Talygen to showcase the Future of Business at CES 2015
Tuesday, December 30, 2014
CES Series: 2014 was a blast, so will 2015 Be!
Thursday, December 25, 2014 Oct
Sep
Introduction to Talygen’s offline Time Tracking Application
Tuesday, September 30, 2014
Tips and ideas for successful project management
Wednesday, September 24, 2014
Smarten up your Project Management with Talygen
Tuesday, September 16, 2014
Why should businesses use an invoicing software?
Wednesday, September 10, 2014
Why Worker Productivity Matters and How to Improve it
Thursday, September 04, 2014 Aug
