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You can reduce the hassle, time, and cost of creating, approving, and processing expense reports by replacing paperbased tasks with Infor’s web-based, automated system. With Infor Expense Reports, you also can gain the visibility and control you need to comply with today’s accounting standards.
Travelers can create and manage expense reports whenever and wherever it’s convenient—the office, the airport, even a taxicab—with Infor’s offline client. Employees leverage simplified data entry with the Infor Expense Management2 Infor Expense Management application’s pre-populated drop-down menus, saving time and eliminating potential errors caused by manually entering data. Streamlining the process further, Expense Reports accepts credit card feeds and uses them to populate expense reports with detailed hotel information (location, room rates, taxes, phone charges, etc.), airline ticket data (ticket number, departure date, destination airport, etc.), and car rental information (location, rental agreement number, pickup date, etc.).
When an email alert arrives in the inbox, the reviewer can open the expense report and any attached supporting documents (receipts, travel plans, etc.) without logging into the application. Because the system integrates with back-end financial systems, no further data entry is required once you approve the expense report. Accounting can issue reimbursements in a fraction of the time it used to take because policy checking was completed up front.
Infor also offers digital receipt filing—the collection, scanning, and digital storage of expense report receipts for future retrieval. As users submit receipts electronically via fax or digital copier scan-to-email device, the receipt images link to the expense report.
Combined with best business practices, digital receipt filing allows companies to reduce the time, effort, and people needed to process expense reports; eliminate postage, mailing, and paper storage costs; streamline the auditing process; and provide timely reimbursement to employees.
"Infor Expense Management Expense Reports" is part of the Infor Expense Management line of products, developed by Infor.
Infor Expense Management is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.