The business problem
Expenses are a major line item of every global company. Traveling cost is a part of every sales and service cycle. Unfortunately, most expense tools capture the transaction but do little to help gain insights about how the expenses were spent, when, and most importantly how, to reduce these expenses when possible. Some key questions can include:
How are expenses tracked verses budget?
What is the actual amount spent to date?
What is our largest expense type?
How can we reduce expenses?