Expense Management Software and its Users
                     www.360quadrants.com 
Expense Management Software and its Users
https://www.360quadrants.com/software/expense-management
Expense Management Software is a financial product used by businesses to process, 
pay, track, reimburse, and audit employee-initiated expenses. The employee-initiated 
expenses include car rental, flights, shipping of work-related items, lodging, meals, 
business calls, and more. The system provides maximum business insight by analyzing 
total expenditures and manages expense claims, repayment processes, authorization, 
audit, and services used to process and analyze the data. The software can help 
companies simplify and automate a business’ expense entry and monitor employee 
usage of the company’s financial services. It also tracks unnecessary expenditure.
The best expense management software system finds some similarities with spend 
management that deals with planning and monitoring procurement expenses such as raw 
materials, business services, or investments. Companies deployed expense management 
systems to ease, pay, and monitor costs incurred by employees. The system avoids paper 
trail, streamlines financial analysis and review, and reduces administrative effort.  It is 
also used to invoice billable hours or reimbursable project expenses.
https://www.360quadrants.com/software/expense-management
The expense management system includes a wide range of single-entry mobile apps for activities 
like check processing, accounting, complex double-entry systems, etc. The system enables 
employees to input expenses for approval through a browser or mobile application. Expense 
Management Software can be integrated with accounting software, payroll software, time tracking 
software, travel management software, and workforce management software.
Expense management tools are useful in procurement, budgeting, invoicing, and other financial 
processes. The system analyzes the overall company’s expenses, finds cost-saving opportunities, 
and controls excessive spending. The primary users of the software are employees who submit 
their expenses, administrators who review and approve employees’ expenses, and accountants 
who balance the general ledger.
Users of Expense Management Software
Expense management software systems can be used by a variety of individuals within a broad 
range of industries. Different types of employees can derive benefits from this software.
https://www.360quadrants.com/software/expense-management
Working people or employees are the biggest users of expense management software, mostly those 
who travel frequently. Occasional travel expenses can be handled using this software, although this 
may not support investing in expense management software.
Managers are responsible for approving employee expenses and reimbursements. There are some 
types of expenses that do not require approval, but one or more managers can only process other 
expenses.
Depending on the company’s expense policy and spending rules, certain types of expenses do not 
require permission. Supervisors can track the total expenditure by team or department to find 
opportunities to cut down the companies’ costs.
The contractors, consultants, vendors, freelancers, suppliers, and project managers who work for the 
organization but are not full-time employees can also use the software to apply and report travel 
expenses.
Accountants cannot often use expense management software but need expense information to reflect 
it in their account books properly.
https://www.360quadrants.com/software/expense-management
About 360Quadrants
360Quadrants is the largest marketplace looking to disrupt US $3.7 trillion of technology spend and
is the only rating platform for vendors in the technology space. The platform provides users access
to unbiased information that helps them make qualified business decisions. 360Quadrants enables
vendors to influence the business decisions of potential clients. Vendors get to win ideal new
customers, customize their quadrants, decide key parameters, and position themselves strategically
in a niche space, to be consumed by giants and start-ups alike. Experts get to grow their brand and
increase their thought leadership. The platform targets the building of a social network that links
industry experts with companies worldwide. The platform has around 400 total buyers across
various markets.
360Quadrants will also be launching quadrants in fields like Study Tools, 3D Rendering Software,
Artificial Intelligence Software and Retail Management System.
https://www.360quadrants.com/software/expense-management
 
Contact:
Mr. Agney Sugla
[email protected]
630 Dundee Road, Suite 430
Northbrook, IL 60062
https://www.360quadrants.com/software/expense-management