The Expense management module provides users with a simplified process to handle expenses. Expense Manager is where users can file their expenses, while Expense management workflows and features like optical character recognition (OCR) for scanning receipts can help optimize your organization's expense processes.
The management and administration of an organization's expenses is vital to keep track of its gains and losses. An integral part of managing expenses is the management of Expense Reports. The PSA Expense Reporting module supports an automated expense tracking and reporting feature that provides supervision over the direct and indirect costs associated with the expense types. With the PSA expense module, users manage the expense reports, as well as address the issues related to the submission, approval and reimbursement of expenses.
The automated expense tracking and reporting feature allows organizational expense policies and security considerations to be integrated into the submission and approval process. Employees using the expense reporting feature are assigned access rights based on their security profiles; for example, standard users submit expense reports, while managers approve their subordinates’ expenses.
As with different security roles and scopes of responsibility, there are different types of items to purchase and reasons for claiming expenses; for example, a salesperson may have more travel expense items to claim, while others may need to claim office expense items. To accommodate the different types of expenses, the PSA expense module includes expense items that classify general categories of objects against that users can claim as expenses.
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