Travel Expense management software
Lots of paper work happens when it comes to travelling management of employee, Preliminary booking of ticket to bills and then at the end of travel, reimbursement. It is actually a tedious and time consuming task. So what to do now? Don’t worry because with the help of Travel Expense Management software you can manage travel of employees easily and you can keep the record further for any future use also.
Travel leg setup
This feature will help you to manage the type of travel selected for the particular employee. Mode of travel is specified in this feature like train, Air, Road or by personal Vehicle. As in manual way you need to decide at the time of travel which mode would be convenient whereas with software employee’s mode of travel is pre decided.
Travel leg child
This feature will help the organization to classify the travel detail more accurately and more precisely. In this you can specify if employee is travelling by train, further you can classify if employee travelling by first class, third AC or if travelling by flight then business class or economic class. With this you can easily have eye on your budget and can make decisions straightforwardly relating to travel strategy of employee.
Expense type setup
Numerous types of expenses are incurred while travelling either it is food, petrol, hotel and restaurant, medical and lots more. Instead of clubbing all expenses into one, this expense management software would add your expenses incurred individually so organization can understand which type the expenses are to be reduced or which part of expense there are unnecessarily expenses made. Overall this feature will help for decision making and setting budget for the future travel.
Travel request
Keeping up to date information of overall travel plan of employee, with this feature organization can have overall view of travel plan, like from which destination to which destination is the employee travelling, what is advance amount paid for the expenses, how much expenses were actually incurred, how much is total expenditure and many more things can be added in travel request feature.
Expense sattlement
After employee is back from travelling, this feature would help to settle the account of all expenses incurred by employee during the travel. If any advance amount is provided and if the cost of travel is less than the balance amount is to be returned or if the travel expense is high then the advanced amount then, is there a limit to expenses or organization will reimburse all the expenses.
