Tallie Talk: Milan Korsos, UI Ninja

Every Team Tallie member is awesome in their own way. When it comes to our resident UI Ninja, Milan Korsos, we can’t get enough of his refreshing product perspective, inspirational discoveries, crazy collaboration skills, and  unwavering commitment to the Tallie vision. He’s our thrill-seeking, bright-eyed builder and he’s here today to share his Tallie story with us.

milan-expense-software-tallie-team

A Tallie UI Ninja’s Mission:

To build the next generation of business products that are beautiful, easy-to-use, and provide breakthrough value.

BUD-BRC-SFO (My Tallie Journey):

After too many years working on consumer facing products in T-Mobile Hungary’s innovation lab, I was craving a change of pace. So I bought a ticket to California.

I kicked off this west coast adventure with my first trip to Burning Man. After that crazy week, I landed in San Francisco and began a wild ride. I made new friends, worked for a startup, couch surfed, survived on Burger King when said startup shut down, stayed with a fun group of stand-up comedians, and spent a lot of time interviewing with tech start ups looking for the next cool gig.

Just before my return flight to Budapest, I met Chris Farrell – our Tallie CEO – who sold me on an ambitious plan to build an automated expense management software from the ground up. The night before my return flight, I had to make a decision – do I head back to Hungary and resume my familiar and comfortable life? Or do I listen to instinct and embark on a new adventure with Tallie?

I cancelled my flight. The following week, the life of the Tallie UI Ninja began, and I haven’t looked back since.


Tallie Talk Milan Korsos TedxYouth

My TedxYouth Experience:

In 2010, I received an invitation to speak at TedxYouth in Budapest. Yeah, that TED. In front of a packed theater of curious eyes, I shared my passion for “building” and discussed the limitless opportunities on the internet for us creative, forward thinking “builders”. Even today, I firmly believe talented and determined dreamers can launch a successful web product no matter what corner of the world they live in.

My Definition of Awesome UI:

Square, Uber and Airbnb. Not only do they have beautiful products but every aspect of their user experience is outstanding. They’re also doing an amazing job of redefining legacy workflows in their respective industries, which is our primary mission here at Tallie, too.

Tallie’s Freshest Product Features:

We’re always improving Tallie by adding new features and fine-tuning the existing aspects of our product. We just released a new version of our Tallie iOS App that’s smoother, sturdier and easier. We’re also working hard on a long list of really exciting stuff on our whiteboards, all leading to an even more streamlined and swift product. From improvements to our auto-calculated mileage feature, to a simpler Expense Report page, to new impressive software integrations –  please stay tuned!

A Peek Into My iTunes Playlist:

My playlist contains many different personalities – from Thievery Corporation, MSTRKRFT and Beastie Boys to Grimes and Pretty Lights. Growing up in Europe, I listened to Pete Tong’s famous weekly BBC Radio 1 Essential Mix and was influenced by this late 90s UK electronic music scene – mainly trip hop, drum&bass and house.

For writing code, electronic music is still my go-to, but I’m more on the happy and sunny side of house music these days. My Soundcloud list has sets from Wolf+Lamb, RobotHeart and Distrikt crews as well as the new shining Hamburg based Diynamic label.

The Go-To Surf Spots:

I have a love-hate relationship with Ocean Beach. There are days when I have epic moments out there, but when the waves get mean, I stay away and opt for the Pacifica waves instead.

The Board:

My recent favorites include my 6.6″ thruster and 6.4″ fish. You need to paddle hard with these guys but once you gain some speed they’re super fun.

The Traveling Man:

Having the luxury of living in two different countries has shown traveling as a remarkable way to discover more about myself and the world around me. And it’s super fun! Whether it’s a quick weekend in the Sierras or a month in an exotic location – if given the chance, I always hit the road. As for my next adventure, I will get the Indonesian stamp in my passport – I’ve heard too many incredible stories about their endless perfect waves, exquisite islands and heavenly food. I can’t wait to see, surf, and explore it for myself.

3 Reasons I Love Working on Team Tallie:

Of course, our product. Additionally, we have a passionate team that believes Tallie is changing the way companies work by reducing back-office time so they can focus on what’s most important: the front office, strategic part of their business. Last but not least, we have a keg at the office. What more could you ask for?

Over the last two years we’ve worked hard to build the Tallie product and establish a growing, loyal user community, but I feel like the real journey is just about to start.  It’s an exciting time for us.

The UI Ninja Mantra:

“Keep it simple, make it fast!”

If you share Milan’s love for building, have cool ideas to share or are Tallie fans with stories to tell, Milan would love to hear from you. Email your thoughts to info@usetallie.com!

You Asked, We Answered: Tallie iOS Expense App v2.5 is Here!

When it comes to our smartphones, we get way too pumped when we see the little update alert for our favorite apps. So last week at Tallie HQ, all eyes and energy were aimed towards launching our latest Tallie iOS App (v2.5) – that has plenty of bright and shiny new updates – on the Apple App Store.

This iOS app update is a noteworthy one – we’ve listened to all of your valuable feedback and addressed many of those much needed requests. More importantly, our superhuman Dev team has been pushing hard to raise our Tallie iOS app stability and performance to the next level. Smoother, smarter and synchronized – we’re proud of our new Tallie iOS 2.5 App for these reasons and then some. Check it out!

Top 10 Biggest iOS Tallie App Improvements in v2.5:

1. Significant leap in speed and reduced memory usage

2. Real time synchronization for expense and report states – when reports are approved or rejected, the app will update the status automatically. If any of the expense items change, they will be automatically updated in the Tallie App as well. No more pull to refresh!!

3. Real time synchronization for expense tile receipt upload – automatically shows receipt on the tile when upload completes

Tallie iOS 2.5-2 Real time synchronization for expense tile receipt upload - automatically shows receipt on the tile when upload completes-expense

4. Option to save receipt photos taken from the Tallie App into the Photo Gallery 

Tallie iOS 2.5-1 Option to save receipt photos taken from the Tallie App into the Photo Gallery-expense

5. Option to select receipt images taken from the iPhone camera and housed in the Photo Gallery

Tallie iOS 2.5 Option to select receipt images taken from the iPhone camera and housed in the Photo Gallery-expense

6. Photo upload status enhancement that shows upload status and completed state – no more ‘disappearing’ receipts!

7. Receipt upload status enhancement that shows upload status and completed state

Tallie iOS 2.5 Receipt upload status enhancement that shows upload status and completed state-expense

8. Added status indicator for Projects and Department lists

Tallie iOS 2.5 Added status indicator for Projects and Department lists-expense

9. Alphabetical organization of expense categories

Tallie iOS 2.5 Alphabetical organization of expense categories-expense

10. A Tallie section under the iPhone settings area. In this section the customer may enable saving their photos to the library, as well as viewing Tallie’s version information for customer support purposes. 

Tallie iOS 2.5 A Tallie section under the iPhone settings area. In this section the customer may enable saving their photos to the library, as well as viewing Tallie’s version information for customer support purposes-expense

So check out the hype and download the latest Tallie iOS App (v2.5) today! We’d love to know your thoughts on the new Tallie App as you start to use it – it’s your user feedback that helps us make the Tallie experience better and brighter every time.

For our awesome Tallie Android app users – we’re working on the next best app for your smartphones as we speak. Stay tuned for more!

What are your favorite new features of the latest Tallie iOS App (v2.5)? Tell us in the comments below!

Alcohol Expenses: What’s Lavish & Extravagant vs. Ordinary & Necessary?

Alcohol as a beverage has been around for ages, with some of the earliest documentation dating back to 7000 BCE. That means that humans have been consuming alcohol for over 9,000 years! Now, the relationship between alcohol and societies has seen its ups and downs. The spectrum ranges from ancient cultures worshiping gods centered around alcohol to the U.S.’s modern-era Prohibition. Some could argue that a lot of greatness came from the convergence around alcohol, like the building of nations and the works of Ernest Hemingway and Edgar Allan Poe. While others could argue to the destruction it can cause, like the tens of thousands of deaths every year that are due to alcohol related incidents.

So, where does that leave us with alcohol’s role in the modern business world?

Tallie-IRS-alcohol-expenses

I know it, and you know it. Alcohol is in business. Now, by no means should alcohol consumption be pressured upon anyone, but it’s something that is very commonplace in society. A 9,000 year old habit won’t die easily.

According to Publication 463 by the IRS, a business-related meal expense “include(s) amounts spent for food, beverages, taxes, and related tips.” The terminology used by the IRS on this topic is actually quite vague, and leaves a lot to the individual auditor’s opinion in terms of acceptable beverages. Never in the publication does it state a specific quantity or dollar amount as “the line.” So, it’s hard to say exactly what is ordinary and necessary versus lavish and extravagant when it comes to expensing alcoholic beverages.

When discussing this topic with my CEO, Chris Farrell, we both agreed that taking Richard Branson for a business meal and expensing a $500 bottle of wine for the three of us would probably get the “OK” from the IRS. But, doing the same for an average client would likely not pass. This would suggest the qualification of “ordinary and necessary” is largely scenario-based.

Now consider taking a client to dinner and drinks, then expensing $100. The IRS probably won’t bat an eye. But, if you spend $500 on that same client, the expense might not pass. In this case, the qualification of “ordinary and necessary” is dollar-based.

But, what if you buy multiple drinks for $50 or, in the same scenario, buy a single bottle of wine for $100. In this situation, the pass/fail will probably fall on the quantity of alcohol.

Confusing, right?

Now picture your own scenario. Is your alcoholic expenses judged on scenario, price, or quantity? Not only are the guidelines nondescript, but now there are three separate “options” for which your expense on alcohol can be deemed lavish or ordinary.

Expensing alcohol is an extremely tricky process and there’s no black and white cut-out for you to reference. So while we tackle the last of our 2013 IRS Tax Returns and come across those very vague alcohol related instances, remember this: when in doubt, don’t expense it.

Have you experienced a situation that involved expensing alcohol? Leave your questions and stories in the comments below!

Register for Tallie’s End-User Expense Training Webinar: 3/26 at 1 pm PST

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Kick start your Tallie experience and have your questions answered by a member of our Product Expert Team!

Wednesday March 26th at 1 pm PST

In this 30-45 minute webinar, we will go through a quick product demo and highlight how to use some new and powerful expense features. We will then run through the most popular support questions our team receives, and respond to audience-submitted questions.

Register for the End-User Training Webinar Now!

We look forward to seeing you there!

Sincerely,
Team Tallie

Tallie’s “Get Started Guide” Offers User Expense Training (Download or Easy Viewing)

Every time a company chooses Tallie, we are proud to offer a quick and painless (we promise!) implementation process with our Product Expert Team. No matter the scenario– Bill.com integration, QuickBooks integration, or a powerful combination of the two and beyond, our implementations always leave our new clients happy and confident in their new accounting workflow. Amazing, right?

Now we’ve decided to take it one step further. Tallie created an easy to follow  guide that clients can use as a point of reference for expense  training current users and onboarding future employees. For maximum flexibility, you can view the guide below, or click through to our Slideshare account and download the presentation for safe keeping.

March Madness: Tallie’s 9.15 Release Notes

Greetings! The Tallie Team is happy to announce our newest release including feature updates that will make your heart sing and your accounting workflow easier than ever. Let’s jump in:

1. Credit Card Upload Feature

For those of you whose credit cards are not yet supported by our direct sync, we now offer Manual Credit Card Setup. Once a user sets up a credit card manually, he or she can regularly upload credit card transaction files found on the bank website. Tallie will retain credit card settings and preferences and apply these each time a transaction file is uploaded.

To do this, navigate to your “Credit Cards” page and click “Manually Add Account,” complete the setup process, and upload your first file. From then on, you can select to import transactions from that credit card profile by clicking “Upload New Transaction File.”

Tallie-Credit-Card-Upload-Expense-Software

For more information, visit the Tallie Support Portal – Credit Card Uploads.

2. Event Listening between QuickBooks and TallieConnect

TallieConnect’s focus has always been to keep your QuickBooks in lockstep with your Tallie account. Now, if TallieConnect is running when you create, update, merge or delete list items, it will recognize and sync those changes into your Tallie account immediately, without need for manual sync. So long as you keep TallieConnect open, we’ll handle the rest.

Example scenario: Kathy is cleaning up her customer list and needs to delete some subjobs or rename them. TallieConnect will immediately send this information to Tallie to keep both in sync in real-time.

Need help setting up TallieConnect? Find all the information here.

3. Updated People and Projects Areas

Keep up to date on your People and Projects with Tallie’s filter tools.

Example scenario: Dave wants to filter the clients who haven’t yet logged into Tallie. By opening up the filter and clicking “Send Invite,” he can now only see the people who haven’t logged in. This makes it easier to invite new team members to use Tallie!

In the “People” section, we’ve reorganized the “Email” and “Expenses” areas to improve viewing capabilities and team management. In “Projects,” you no longer need to create a Company before creating a new project. Now you can simply go to “Projects” and create a new one.

4. Updated Custom File Export

We’ve updated and expanded our custom file export from Tallie. Previously, the focus was on giving you the ability to create a file for your payroll provider, but as we’ve added additional selectable fields and improved it’s capabilities, renaming this functionality as “Custom File Export” better represents the current functionality.

Tallie-custom-export-payroll-expense-software

We hope these updates provide an even greater Tallie experience for you and your business. If you have any additional questions, please contact our Product Expert Team directly at 800-592-5144 or support@usetallie.com

Sincerely,

Tallie Team

Top 5 Tips for IRS Record Keeping & Expense Management

Have questions about best practices relating to expense management? Tallie serves as a powerful receipt repository, so our Product Expert Team is well-versed in the do’s and don’ts of record keeping. Essential to any business, record keeping and proper documentation is critical to an optimized expense report workflow.

Fortunately, IRS regulations have evolved technologically, and electronic records can now directly replace hard copies. Gone are the days of filing cabinets stuffed with paper receipts! If an electronic system can efficiently and reliably house a complete reproduction of hard copy records, the IRS approves of businesses ditching paper copies. Here are some of the most common questions that the Tallie Product Expert Team receives regarding keeping records:

1. How long do I have to keep my records?

As a rule of thumb, CPAs tend to follow a 7-year rule (CPA.Net), although the IRS only requires that records be kept for as long as the tax return can be amended. There are regulations surrounding what changes can be made to a tax return post-deadline, including how long companies must retain records. For example, if you filed and paid your taxes on time, you have 2 years to file a claim for a refund. You would have to keep your records for that 2 years.

IRS-publication-583-period-limitations

2. Do you know of any instances where a receipt would not be required?

There are two examples in IRS Publication 463: If your expense, excluding lodging, is less than $75 OR if you have a “transportation expense for which a receipt is not readily available.”

3. Are there different documentation requirements for different types of expenses?

Yes. For example, for entertainment expenses a record must include the specifics (cost, date, location, description of type of entertainment) in addition to a description of the business purpose for the entertainment, the people that were in attendance, their business relationship, and whether or not your employee was present at the entertainment.

Conversely, gifts only require a record of the cost, the date it was purchased, and a description of the business gift. Here are additional details on what is required to prove specific types of expenses:

Tallie-IRS-expense-record-keeping-prove-expenses

Generally, as long as the record has the date, amount, merchant and any additional pertinent details, that should suffice (IRS table 5-1, pg 26). Most receipts have all of that information; however, Tallie transaction tiles  also have text field “Reasons” where additional information can be added. Companies that use Tallie can easily pull the address from the receipt image or look up attendee names in their CRM system.

4. Are there any types of expenses that I can combine to reduce the amount of records I have to keep?

Yes, there are a few types of expenses that can be combined. If you are traveling and take multiple taxis throughout the day, they can be combined into one taxi expense. Also, if you take a client out for drinks, even if you pay for each round separately, you can combine them into one expense.

5. Are my cancelled checks sufficient records for expenses?

No, not as the sole piece of evidence. Cancelled checks do have to be accompanied by a bill from the party the check was written to or some other form of documentation.

In the spirit of tax season, the Tallie Product Expert Team would like to know what questions you may have regarding proper record keeping and expenses best practices. Leave your questions in the comments below and we will reply immediately!

Tallie Talk: Demid Potemkin, VP Product Strategy

Demid Tallie Talk Product Strategy

Today we sat down with Tallie team member Demid Potemkin and asked him to share a little bit of his Tallie story with us. In our office, Demid is known for lots of things – VP of Product Strategy, coffee aficionado, blue sky thinker, renaissance man, deep talker (usually over a delicious cup of Sightglass Coffee), the spark. We are big Demid fans and are proud to introduce him to you today.

A Day in the Life of Tallie’s Product Guru:

My role is to guarantee Tallie is the finest answer to our industry’s expense management problems. The world of Product Strategy touches many aspects of the product, from data research all the way down to evaluation and design.

To accurately define the problem and determine the ultimate solution, I’m immersed in the market every day. I strive to understand what the users are looking for, including people creating expense reports, approving expense reports, and processing expense reports. I listen to business owners and accountants and learn about their expense management practices and identify the most time-consuming tasks. I harvest feedback from accountants and accounting departments and grasp the role of an accounting software within the accounting process.

Connecting, listening and learning are the necessary steps to our ultimate goal – to automate the most time-consuming components of the expense management process and provide our customers more time to focus on their customers.

My Favorite Parts of the Tallie Product Design:

The workflow. One of the biggest complaints we receive from accountants is that people never submit expense reports on time and they have to chase people to do so. The old model prevented people from capturing their expenses easily and accurately in real time, requiring significant time for manual entry on the back end.

So we pushed a brand new workflow of expense management where expenses come first, and reports come after. Because you gather expenses as you go along, we switched the workflow around to allow you to capture receipts first, and then creating reports becomes like a “packing” exercise.

Another one would be the tile page (Purchases). The graphical tile view is easy to read – it allows users to quickly glance through a transaction and see what information is missing.

My Proud Tallie Moment:

The name Tallie was my baby. The initial idea was SpringAhead Go, however it was easily mixed up with the original SpringAhead. So I sought out a name that felt friendly and approachable. But for the details of how this name came to be, that’s  a story for another day.

My Pre-Tallie Life:

I’ve had my fair share of career adventures with lots of twists and turns.

I went to school for electrical engineering which established my strong math and science background. After graduation, I dove head first implementing large mainframes and computer solutions in Europe for Fortune 500 companies like HSBC and Barclays, allowing me to get a firm grasp of the financial industry.

My second career was in design, which I fell into by chance when an advertising agency hired me to set up a network between multiple office locations. Thanks to the Internet boom and my tech-savvy reputation in the company, my job evolved into the Director of Interactive. I worked as the liaison between the designers and the engineers on website projects. A few years later, I decided to start my own design company focused on startups and their website design.

SpringAhead, Tallie‘s parent company, was initially a client of mine. As I collaborated with CEO Chris Farrell, we quickly realized that we had very similar passions and he invited me to join the company. I joined, grew the team, evolved my role into product design…and here I am today.

How to Gain Trust in the Industry:

Listen. Really listen. I’ve spent a lot of time with accountants. And I’ve come to realize that the industry has been around for a long time but hasn’t gravitated to one solution because no one has ever asked the accountants what they truly need. Engaging with our channels, including Chris’ network, accountants, and the Product Expert Team, who interact with the customers on a daily basis, allows us to determine the key components of an expense management product.

I’ve learned that these people just want to be heard and that’s indeed a wonderful thing about this industry, otherwise we’d be making decisions in the dark.

Why I Love Working on Team Tallie.

I learn from every member of our team. Because we’re a very small and close knit group, we collaborate cross functionally, freely share our opinions and participate in the decision-making process for every big and small project in our brand. Until Tallie, I never had this type of team dynamic and it’s what I look forward to every day.

If I Had to Eat One Cuisine For the Rest of My Life:

Mediterranean cuisine for the traditional category and California cuisine as the modern spin-off. I know, that was two!

My All Time Favorite Food:

Avocados. I grew up in New Zealand where avocados are everywhere!

Words To Work By:

The philosophy of Tallie focuses on building an engaging team, encourages openly sharing ideas and continuous learning from each other. That’s really why I came onboard to help the team.

I think as we evolve in our careers, we must keep in mind that everything we do is temporary, and we should enjoy and embrace everything we do at any point of time and learn from it.

“Embrace what you have, because you’ll never have it again.”

 

Demid would love to hear from anyone who has great ideas to share. To get in touch with Demid, send an email to info@springahead.com

Completing the Automated Expense Workflow: Tallie & Bill.com Now Integrate Non-Reimbursable Credit Cards

Non-reimbursable credit card charges have been the Achilles’ heel of the automated expense management workflow. Seamless data integration exists for reimbursable expenses, but manual steps or workarounds were common answers for non-reimbursables. An integrated solution for non-reimbursable credit card charges was one of the biggest requests from our Bill.com clients.

This month, Tallie and Bill.com implemented their first non-reimbursable credit card import integration. From expenses paid out of pocket to charges incurred on the company card, Tallie now has the capability to manage and export non-reimbursable corporate credit card charges into Bill.com, covering every scenario.

Consider this scenario:

Conor, an up and coming sales rep, takes a taxi to a business lunch at Bix and uses his company credit card to pay for his cab ride. After a deal-closing lunch meeting with his biggest lead’s CEO, Conor accidentally uses a second, different corporate card to pay for lunch and snaps a picture of the receipt. During his cab ride home, he realizes he left his wallet at Bix. Fortunately, Conor was carrying enough cash on hand to pay for the taxi out of pocket, and he uses the Tallie app to snap a picture of that cab receipt.

3 days later, Conor sees Tallie has processed all the receipts (displaying merchant, date, amount and expense categories). He also notices Tallie has connected the Bix lunch receipt to the other company credit card charge, automatically. At once, Conor can submit one expense report and he’s done. That expense report, with charges from two separate company cards and a reimbursable expense on it, can be exported in one swoop directly into Bill.com.

Here’s a guide to how non-reimbursable corporate credit card charges can be imported into Bill.com and how the additional features ensure you and your team are successful – even in the situation described above.

First, Tallie can now import non-reimbursable Corporate Credit Card charges into Bill.com and gives you two options.

Importing Corporate Credit Card Charges as One Bill

non-reimbursable expense

With this setting, Tallie will create a bill to your Credit Card vendor with each charge listed on the bill as a line item.

Importing Corporate Credit Card Charges as Separate Bills

non-reimbursable expense

Alternatively, you can have Tallie create separate bills for each credit card charge imported. This feature is especially useful if you want to match each imported bill with line items on a credit card statement.

For more information on how to set these up, see this guide.

Several additional features also included in this release:

  • Marking Imported Bills as Paid 

If this option is selected, each imported bill will be marked as paid to your selected account. If you don’t want to send a payment to your Credit Card company through Bill.com, simply mark this as your preference and Tallie will import these bills as paid.

  • Separating Reimbursable Expenses and Charges from Multiple Cards

If an expense report has reimbursable charges and non-reimbursable charges on it, Tallie will separate those into two bills in Bill.com. Additionally, if one expense report has charges from multiple company cards, Tallie will create separate bills for each, mapped to the correct vendor and account in Bill.com.

  • Importing Negative Amounts as Vendor Credits

If the total of the Corporate Credit Card expenses on a given report is negative, we’ll create a vendor credit. If the total of the report is >$0, the negative line items will import as regular line items.

For further information on how these items look in Tallie, see this guide.

Expense Reports: Uncovering the True Cost to a Business

With software automation revolutionizing business accounting workflows, many accountants believe that automating the expense report process will be cumbersome and expensive. Tallie is here to set the record straight. Let’s break down the facts and falsities revolving around expense report automation in the accounting world:

tallie-expense-report-software-truth

Belief: Automated expense report solutions will not save me enough time to make it worth my while.

tallie-expense-report-truthFalse.
Tallie CEO Chris Farrell applied his 15 years of accounting experience to calculate the average time to complete one end-to-end expense report using traditional methods. The result was a whopping 91 minutes. By using an automated expense reporting tool, Chris found that the average time it takes to complete the same expense report is 32 minutes. That translates to a 67% time savings. Broadened to a high level perspective, an average of 40% of transactional accounting time is spent on accounts payable, with almost half dedicated solely to expense reports. That means you can free up over 10% of this time for other tasks.

Tallie-expense-report-time-cost-saving

Belief: Automated expense report solutions will cost an arm and a leg.

tallie-expense-report-truthFalse.
While a number of expense report options are available on the market, companies will reap the highest value through a product’s ability to integrate seamlessly with their accounting ecosystem. The value of expense report software becomes compromised if it cannot deeply integrate across multiple accounting systems. Tallie has very competitive pricing at $9/user/month. Broken down, that is less than $0.36 per day.

Belief: Things are fine the way they are. I do not have to spend the money to use a tool like this.

Tallie-expense-report-trueTrue.
You do not have to use an automated expense report solution. However, according to a recent report by the Aberdeen Group, the average cost of an expense report by traditional methods is $31. Alternatively, the average for an automated expense report was just $15. Again, cost savings exceed 50%. Combine cost savings with a suite of compliance tools (policies, groups, multi-level approval routing), internal control (duplicate identification, project accounting, general ledger mapping), and analytics tools, the decision quickly becomes easy.

To many, the move towards an automated system can seem daunting and expensive. But upon further exploration, it becomes clear that the truth is quite the opposite. Automation has revolutionized productivity for many industries over the years; now it is the accounting industry’s turn. By automating the accounting workflow, companies experience immediate savings in both time and finances. So don’t ignore the facts of a quickly changing industry. Become a part of the change, and explore the powerful benefits of adopting cloud-based software for your business’s accounting workflow.

REFERENCES:

Dwyer, C.J. (February 2010). The State of Travel and Entertainment Expense Management. Retrieved from http://www.aberdeen.com/aberdeen-library/6039/RA-travel-entertainment-expense.aspx