- Expense Management
- Expenses Software
- Expense Management Software
- Expense Forms
- Expense Software
- Expenses Management
- Mileage Calculator
The time required to keep the accounts of a small business often does not justify hiring a full time accounting staff; therefore small businesses often contract their bookkeeping tasks to an outside accounting firm. While this practice is a money saver for the small business, it is extremely inconvenient when an owner or manager wants to look over and analyze costs since the records are offsite.
Expense On Demand (EOD) is a very effective automated expense tracking system for a small business. Today, thousands of user companies in over 70 countries ranging in size from very small businesses to huge conglomerate corporations are utilizing EOD. Expense On Demand is a hosted, on-demand business service. Only an Internet connection and a standard browser are required to access EOD. Your company will enjoy a near immediate ROI upon subscribing to the services of expenseondemand.com. The host site is responsible for maintaining the website and making all updates. Since EOD is a hosted site, there is no software downloading necessary. Effectively EOD enables a company to dramatically reduce (if not eliminate) IT and overhead costs very quickly.
Small businesses will enjoy the convenience of 24 hour a day, 7 days a week, 365 days a year access to their records; reports can be generated with a click of the mouse. Employees will love being able to submit their expense claims over a PDA or a Smartphone device; no more special trips to the office to submit paperwork every reimbursement deadline.
EOD is a fantastic time saver and we all know that time saved is money earned in a business setting. Every business owner or manager knows that one of the most time consuming chores they perform is the employee expense process; every claim must be received, reviewed, accepted or denied and paid if approved. Many of those responsible for this task are not specially trained in laws relating to employee expense procedures; some are even unaware of company policy pertaining to employee expense processes. As a result expense claim processes may be time consuming, not applied fairly and result in poor employee relations.
The beauty of Expense On Demand is that the business owner/management defines the claim process parameters. The parameters are reviewed by EOD to confirm that the parameters are in compliance with current law. Each business sets its specific rules for claim approval. When an expense claim is submitted EOD automatically reviews the claim. If the claim falls within the business defined parameters it is automatically approved for payment. If it is not within the boundaries of the rules, it will be denied and sent for managerial review. The automated character of EOD saves significant amounts of time reviewing claims for approval. Furthermore, employees and management alike will know the rules are being applied to everyone equally.
Expenseondemand.com saves companies significant amount of operating costs, streamlines expense management and enhances internal control. Overall EOD provides companies both large and small with a managerial tool designed to identify spending patterns and lower the cost related to expense report processes.
Expense On Demand Ltd
Abbey House
28-30 Chapel Street
Marlow
SL7 1DD
0870 366 2300