Seamless Business Expense Management and Tracking Helps Reducing Costs
Get a complete and transparent overview of a team’s spending. A manager can keep a tab on all team member's expenses and approve their expense records after analyzing them. Also, it is a job of a manager to control the spending and ensure the team's expenses are always within the allocated budget. Managers can see how much has been spent and have complete insight into the types of expenditures. Get the complete overview of your team's spending on a daily, monthly, and yearly basis. This certainly helps in the reimbursement process.
Save time and confusion by getting everyone involved in managing expenses.
Never lose receipts with an automated and integrated Odoo expense management software. You can seamlessly capture employee expenses from multiple sources and keep their record in a single place. Your employees can simply scan the receipts and upload them to their expense records and submit them to their respective managers. Digitization of paper receipts will never let you misplace the receipts like paper receipts. The centralized Odoo ERP solution will help you access all your documents at any time from everywhere.
Odoo expense management system allows online reimbursement, it makes the entire expense reimbursement process fast and easy. Simply put, process expense reimbursements in a more effective, faster, and better way. Furthermore, the integration of the expense app with accounting and payroll modules helps in making the reimbursement processes faster. It further helps in making employees more satisfied with more immediate expense reimbursements, delivered straight to their accounts.
There are so many companies that allocate budgets for various business-related activities like traveling for a business meeting, meeting a client, and sometimes purchasing some office supplies. To keep a tab on such expenses, a business needs software that can capture all the expenses with the receipts so that the business knows where they are sending their money.As we know, managing such expenses manually could be confusing and tedious. Therefore, the Odoo expense management system is best for keeping track of all employee expenses, storing various receipts, and handling the expense approval process, and reimbursement processes.
The expense module of the Odoo allows employees to scan and upload receipts and managers can review and approve the expense so that the company can reimburse them.
It is essential to manage and control your business's expenses including travel expenses, accommodation, food & beverages, office supplies, and more. Always knowing where your funds are going is necessary to keep your costs lower.
Odoo's expense management solution helps you keep a tab on each expense and reduce overall costs.
Once you create an expense record with details and upload the receipts, further you need to click on the create report. In this record you will get to review your expense and then view the Submit to Management button, clicking on this button will submit your expense to your respective manager for approval.
You can create countless expense products in your Odoo instance, although the number of records depends on your server storage.