Have doubts about expense approval flows and want to learn more? We have you covered in our FAQ section!
Q. How does expense reimbursement affect employee morale and productivity?
Expense reimbursement is the process by which you reimburse employees for payments they have made for business purposes. One outstanding example of this is when employees trave for business and have out-of-pocket expenses that they need to get reimbursed for. When expense reimbursement is delayed, employees are left with mounting expenses they have incurred on behalf of the business, which can affect their finances. When you delay reimbursements, it affects their morale and productivity.
Q. What do employee benefit expenses mean?
These are expenses that a business incurs for the benefit of its employees. Employee benefit expenses can be in the form of cash or non-cash like coupons or gift cards, or even insurance that is taken by the business for the benefit of the employees.
Why do you need to have an effective travel expense reimbursement mechanism? Business travel and entertainment expenses keep the marketing machinery of your company running. It is important to enable your employees to travel for business without any impediments. A robust and quick travel expense reimbursement mechanism ensures that your employees can scan and submit bills for approval and reimbursement to ensure that business travel is not affected negatively.