How do you ensure smooth business operations and financial transparency? The answer is simple – having a simplified, advanced, and easy-to-use expense management solution that gives you the power to manage company expenses effortlessly.
But, most expense management solutions claim to bring financial transparency. How can you figure out the best solution for your organization? Gorilla Expense has conducted a close comparison of its features with one of the leading expense management brands – Continia.
In terms of user experience, Gorilla Expense turned out to be more user-friendly.
Expense tracking features? Robust just like your organization.
Integration with 3000+ Bank Systems
Pricing – Cost-effective with best features
Performance that makes you work quicker.
The best of Breed Solution for you
Gorilla Expense has exceeded all the criteria and has proven to be an efficient, advanced, and simplified solution for all businesses. At Gorilla Expense, when designing and improving solutions, we keep our users at the forefront. The results speak for themselves.
Simplify your T&E reporting and make informed decisions with us.
Take your expense management to the next level and focus on what matters the most. With Gorilla Expense, you get to focus on your business and productivity while we handle your expenses smoothly and accurately.
Discover how Gorilla Expense’s expense management solutions and integration is the key to unlocking efficient and transparent spending here.
No other company knows growth more than Monrovia. Founded in 1926, this wholesale plant company has been an industry leader in the introduction of healthier and more beautiful plants.
As their company thrived and evolved, so did their needs. They were soon in the market for a reliable travel and expense management solution to help them keep up with their expense reports and accounting. As proprietors of a saving environment, their expense management system had to be paperless, smart, and efficient.
The Problem – Challenges in Expense Reporting
At Monrovia, it is in their nature to care for the environment. So, the move to automate their expense management system was grounded on the virtues of sustainability and being eco-friendly. They partnered with Concur to help them provide a paperless expense reporting solution that suited their needs as a private company with nurseries all over the country while operating with their partner garden centers throughout the US and Canada.
However, challenges arose starting from the initial setup, with the platform presenting ease-of-use issues on top of the low-efficiency performance. Since the organization has large amounts of data to go through, speed and efficiency are key. Because of these, they encountered errors and user complaints that caused delays and costly mistakes that could add up and significantly impact the company’s overall performance in the long run.
Furthermore, there were also challenges in the reporting system itself. They found that there are only a few available reports, and considering their needs, these were inadequate.
The Solution – Taking Out the Guesswork and Maximizing Efficiency
With Concur providing challenges that clogged up what should have been a smoother workflow, Monrovia decided to make a switchover to Gorilla Expense. This time, the organization knew what worked for them and what didn’t—and Gorilla Expense was quick to comply.
According to Hilda Haddad, Controller, Monrovia, the switch to Gorilla Expense was triggered by the inefficiencies brought by inadequate reports and the overall speed of getting things done in this new automated system. However, what drew them to Gorilla Expense was not only the solution is provided, but also the clean platform, pricing, and customer service.
Usually, switchovers can be a pain in itself and companies would often end up sticking to inefficient systems rather than go through the pains of introducing a new program once again. However, with Gorilla Expense, the transition was quick and smooth.
The initial setup was quick and easy, with the implementation effectively managed by Gorilla Expense’s team. Any concerns on the project were quietly dispelled from the get-go and everything came online as planned and on
schedule.
One of the key benefits achieved is user profile management. The admin users have access to more functionality where they can impersonate users and help them if they have questions or issues. Managing scenarios after someone leaves the company is easier. Aside from this, multiple levels of approvers allowed more detailed auditing, and the split feature made things easier. This made it possible for Monrovia to finally fast-track expense reporting processes while minimizing errors at the same time.
Aside from this, multiple levels of approvers allow more detailed auditing, and the split feature is super easy. This makes it possible for them to finally fast-track the expense reporting process while at the same time minimizing errors.
Find the downloadable version of this case study here.
To know more about our expense management solution, visit our website.
As per a Global Business Travel Association Study, one expense report takes 20 minutes to complete and $58 cost of processing on average. But wait, there is more to this.
While these errors cost almost half a million dollars on average to be corrected, the T&E expense claims are even more. These hidden costs have been draining company resources for years. Are your company resources getting drained due to these traditional expense management solutions?
If your answer is yes, then you need to switch to a smarter, efficient, and comprehensive expense management solution – Gorilla Expense!
With Gorilla Expense’s automated features, you can:
Speed up the approval process by automatically detecting mismatched amounts.
Minimize time and effort by syncing jobs and tasks from your ERP system.
Ensure compliance and empower employees with easy-to-use expense management features.
Bid adieu to costly mistakes and welcome an efficient expense management system. With a comprehensive suite of 30+ features, Gorilla Expense has your back.
Explore our suite of features with 20+ integrations made especially for your organization here.
They say that one must always learn from the past and other’s mistakes. If you are someone who still believes that spreadsheets are safe and an easy-to-use expense management solutions, then you may be wrong.
Did you know that in 2012 10,000 tickets were sold in excess for a swimming event? How? When the world was witnessing the London Olympics, a small spreadsheet error led to this overbooking failure.
Gone down in the history of epic failures, this could’ve been in your organization too. So leave the blunders behind and step beyond spreadsheets to ensure accuracy and efficiency with Gorilla Expense.
With a comprehensive suite of 30+ features, Gorilla Expense has your back.
Explore our suite of features with 20+ integrations made especially for your organization here.
Did you know that nearly 27% of employees mix personal and company expenses?
As a business owner, your objective is to get the work done. But you can achieve this only when your employees have the resources they need which includes being free from credit card burdens.
But wait! The landscape of business expenses is complex as the average expense on Corporate Cards is $6,506 monthly vs Personal Cards is $2,347.
What would you do? We will help you. You need to switch to a smarter, hassle-free solution that automates expenses with zero oversight and provides you with insights and accurate data.
When personal expenses weave into the corporate tapestry, it raises the question: Is this a challenge or an opportunity for smart business? With Gorilla Expense, the answer is always simple – opportunity to become a smart business.
Take your expense management to the next level and focus on what matters the most. With Gorilla Expense, you get to focus on your business and productivity while we handle your expenses smoothly and accurately.
Discover how Gorilla Expense’s expense management solutions and integration is the key to unlocking efficient and transparent spending here.
Operating on behalf of Toyota Motor Corporation since 1985, AirFlite has been a leading name in the private aviation industry, setting new standards with its full service, fixed-base operation, offering the best in 24/7 private aircraft services and storage. Delivering service, quality, and reliability, AirFlite is looking to extend its operations to greater heights by improving productivity for its pilots and crew and achieving operational excellence by ditching its manual and tedious expense reporting system.
The Problem – Manual, High-Volume, Error-Prone & Time-Consuming Expense Reporting Process
AirFlite’s manual expense tracking procedure was tedious and hindered the efficiency of the team. Their operations involved international flights with frequent visits to their base in Japan. Pilots had to plan a detour in advance so they could submit and sign their expense reports before embarking on another trip.
Submitting expense reports on time and keeping track of T&E spendings had become a challenge, leading to inefficiencies and thereby affecting the employee morale. It had become pivotal for AirFlite to automate their expense reports and lessen the burden of expense management from pilots and managers.
The Solution – Taking Expense Reporting Process to New Heights with Gorilla Expense
AirFlite wanted to switch to a seamless and efficient expense management system that could automate their T&E expense reporting process and accounting. That’s when they switched to Gorilla Expense. With its advanced and easy-to-use features, Gorilla Expense turned AirFlite’s chaotic process to an efficient, quick, and easy process without major disruptions, making things better and easier for everyone.
Additionally, the pilots love the flexibility in being able to complete their expenses on the road (or the skies). They also love how easy and simple the application is to use. Because of the availability of expense data at the manager’s fingertips, getting more visibility into the T&E spend on a periodic basis, the manual work with expense reports reduced greatly at AirFlite.
Ever since AirFlite switched to Gorilla Expense, they have seen a visible improvement not only in their expense reports but also in their time and cost savings.
Gorilla Expense understands that pilots travel the most and it is necessary for them to have a flexible expense management system at their disposal so they can focus on soaring to great heights without taking detours.
Find the downloadable version of this case study here.
To know more about our expense management solution, visit our website.
What are you using as your business travel expense tracker? Are you still using pen and paper?
Perhaps many of you are having a hard time moving away from your paper-based system. After all, it has worked for years. But don’t you think it could be way better?
Let’s face it. Paper-based systems are riddled with inefficiencies. They are prone to human error, not to mention fraud. The exhaustive paper trail is also tedious, not to mention frustrating. There is a need for human intervention every step of the way, and this takes your employees’ time away from the work that they really should be doing.
Take a huge burden off your finance team by empowering your employees to adhere to compliance policies on the ground. Having an automated travel expense tracker allows you to also reduce expense frauds and other compliance issues that can cost you in the long run.
Increased Visibility into Your Finances
Automated expense trackers allows you to know, even in real time, just where your money goes. This allows you to have a better picture of your cash flow within a given period, or even see if you’re going over-budget on a particular project.
Tax Deductions and Audits
It’s important that you handle your expenses properly so that they can be marked as a legitimate expense and are therefore qualified for tax deductions. Having a tight handle on your expenses also allows you to have clear records and audit trails to reflect how well you also manage your finances.
Happier, More Productive Organization
Making it easier for everyone in your organization to create their travel expense reports and making the flow much smoother is a win-win for everyone. Automating, simplifying, and streamlining your processes speeds up expense reporting and reimbursements.
This said, what then should you look for when it comes to a travel expense tracker?
What to look for in travel expense trackers
There are many automated travel expense apps available today. And it’s easy to be drawn to the loudest one, with the most bells and whistles. It can also be easy to be confused as to what you need or what you want.
The secret to find the travel expense tracker that’s right for you requires that you consider these factors:
It should be user-friendly
It should support multiple users and with multiple permissions
It should accommodate your approval workflows
It should help enforce your business travel compliance policies
It should be able to scale with you as you grow your business
It should help you cut down your costs
It should help you streamline your processes
It should help you become more productive
It should provide visibility
It should provide insightful reports depending on how you want your data to be analyzed and displayed
At Gorilla Expense, we’re taking expense tracking to the next level by allowing you to have cloud-based and on-premise options. We also tailor fit a solution that best supports your company’s needs. You may check out our demo for more information, or better yet, get in touch with us today!
As a company, if you’re not worried about expense fraud–then you should be. In fact, according to a study conducted by the Association of Certified Fraud Examiners, expense reimbursement fraud makes up 15 percent of business fraud. Because of this, businesses suffer an average loss of $26,000 every year.
To make things worse, it takes around 24 months for any of the fraud to be detected. Therefore, before the problem and perpetrator are pinpointed, much of the company’s money has been used up for fraudulent purposes already.
Employees who commit expense fraud often say that they add additional expenses in their reports as a way to “even out” their previous reports. They may have forgotten to input some expenses previously and are making up for them now. It becomes a guessing game of inaccuracies and unaccounted adjustments. In the long run, this can unnecessarily cost the company a lot.
So how do you remedy this?
Remedy Expense Report Fraud by Taking These Steps
Let’s take a look at how companies can reduce expense fraud.
Track expenses much easier by requiring your employees to create one expense report per trip. Require them also to submit it as soon as they get back.
Make the most of every transaction and even get perks by getting your frequent travelers corporate credit cards. These can also allow you to more transparency for every transaction and get immediate credit for canceled ones.
Charge future-dated travel to a corporate charge card.
Establish a policy that requires most senior employees at a meal to pay the check. This helps avoid fraud, redundancy, and duplicate transactions.
Employees who submit hard-copy receipts and manually filled spreadsheets are more likely to commit fraud. Avoid this by creating steps to automate the expense reporting process.
Centralize travel expense processes for better management and visibility.
Validate expenses against corporate policy. This helps deter and prevent employees from entering a non-compliant expense. At the least, it creates a system that allows them to explain the charge for quick review and approval
Implement a solution that can automatically identify and flag different kinds of expense fraud.
Don’t Rely on Band-Aid Solutions for Expense Fraud
Remedying expense fraud doesn’t have to be tedious and time-consuming. Worrying about compliance should not give finance such a hard time that inefficiencies happen. Trying to police each and every expense item should not be done at the expense of company productivity. That’s why many automated solutions should be in place.
Gorilla Expense provides a comprehensive expense reporting solution that allows you to automate expense reports.
Gorilla Expense, for example, will identify any duplicate transaction the user may have entered by searching for similar transactions across the system. With our Receipt Scan solution, we also flag transactions on which the amount does not match the amount shown on the receipt automatically. The screenshot below shows how the system flags duplicates and transactions where receipt amount does not match the amount entered by the user.
In addition, our “Expense Policy Violation Reports” section will show you the top expense policy violaters in the company and also detail each violation.
With Gorilla Expense in place, you can be on top of all your expenses with better visibility, better compliance, significantly less fraudulent expenses, and much more peace of mind. At the same time, employees can find it easier to comply and submit expense reports. This helps get all the pain and hassle out of the way.
Find out how you can get Gorilla Expense for your company by contacting us today.
Expense management systems are in place for two primary things: to track and manage how a business spends its money. However, if you have an inefficient system, this can also spell financial loss for the company. Read more
Business travel is a necessary part of business development and operations, especially in our increasingly global landscape.
However, employees often find reporting their business travel expenses a major pain point. This is because business travel accounts may be a time-consuming process and in fact, some processes may even take longer than the trip itself. Read more
