Gorilla Expense is honoured to be a part of the MSDW Partner Awareness Event
Watch Kathleen Forsyth, our Partner Channel Director get in conversation with Rick McCutcheon, Microsoft MVP. The two will be sharing insights on expense management and timesheets for projects.
Join this webinar and get insights about: – Our Expense Management and Timesheet for Projects solutions – The benefits to your customers – Why partner with Gorilla Expense – Gorilla Expense customer case studies
The timely capture of expenses and project times for the user, an in-depth report on expense and a seamless integration into the Microsoft Dynamics ERP solutions (Business Central, GP, SL and Nav) are some of the results that are generated by our enterprise-grade products. These, in turn, empower the accounting and finance teams to automate expense reporting, expense management and timesheets for projects
Stop false expenses from sneaking through the crack NOW! Gorilla Expense has introduced the intelligent receipt scanning feature that minimises the dependency on approvers.
The feature speeds up expense management by automatically checking for mismatched amounts between submitted receipts and incoming credit card statements. This quickens the approval process and makes expense tracking a smooth task.
No more expense breaches, only levelled expense tracking and therefore a balanced expense management. Our fraud detection technology can also find duplicate expenses that have been already submitted before
Gorilla Expense promises streamlined expense management with more than 30+ features and capabilities to enforce compliance and increase savings. To learn more about such features, visit our website here.
When it comes to making work easy for our customers, we leave no stone unturned! After receiving multiple requests, Gorilla Expense finally integrated with Sage Intacct using web services into the Time & Expense Module and the AP Module to offer the best expense reporting solution.
With over 14,000 global customers, Sage Intacct has arisen as an industry leader in accounting and financial management software. With this latest addition in the GE family of Sage systems, you can easily export expense reports from one software to the other.
Now, users have a robust platform to capture both, out of pocket and corporate credit card expenses.
Gorilla Expense is a leading Expense Reporting Software provider. To know about this and many more features offered by Gorilla Expense, visit our website here.
Cross checking data from the submitted receipt can be time consuming. More so, when the receipt is long. And reading minute details from the picture of the receipt becomes a bit too difficult.
But not anymore!
By hovering the mouse over a particular portion of the receipt, the Receipt Magnifier tool of Gorilla Expense enables users to zoom in on that area to view miniature details like amounts and dates effortlessly.
Thus, saving you the trouble of squinting at your screen every time you do expense reporting.
Gorilla Expense is a leading Expense Reporting Software provider. To know about this and many more features offered by Gorilla Expense, visit our website here
At the time of approval, Gorilla Expense’s All-in-One Smart solution alerts expense approvers to duplicate amounts, vendors or dates through intelligent scanning using a proprietary AI algorithm and OCR technology.
Real-time checks can eliminate errors while also ensuring efficiency, accuracy, and compliance. Our fraud detection technology can also find expenses with amount that do not match the amount printed on the receipt
Streamline your expense reporting fraud detection process with Gorilla Expense
In a world where everything happens on the go, why make expense reporting a tedious task? Gorilla Expense takes the pain out of expense reporting.
Even on the road, the app can record every expense and business-related transaction so that records are created as they are made.
Managers can instantly approve employee expense reports and claims that are submitted by employees as they occur.
Receipts can be kept track of as they are created, and expense claims are submitted instantly!
Gorilla Expense expedites this process of receipt management from beginning to end with great visibility. To learn more reasons why you should use the Receipt Box feature, click here
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!
Small businesses face a different set of challenges that many large companies have already overcome or haven’t even experienced. For small businesses, they have so many coordinates to connect but may not be able to address. Maximizing capital, minimizing expenses, identifying financial pain points, navigating operations, and channeling funds for growth are just some of these.
So where does expense management come in? Read more
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
