| By Jim Bruene on March 13, 1998 7:27 AM | Comments (0) |
Here’s a service you can offer big and small businesses alike: Web-based expense reports. Given the potential cost savings, it could be generate fees of $5 to $10 or more per transaction or more. Here’s how it works:
1. Employee (of your client) logs into your Web with userid and password.
2. The company’s expense report template is displayed showing data from the employee’s most recent report. Employee keys in new data and hits submit. Previous reports are archived on site.
3. The report is emailed to the employee’s supervisor. Receipts would be mailed off-line.
4. If approved, the supervisor authorizes reimbursement with a secure email or entry on your Web site. If not approved, the employee receives an email with further instructions.
5. The bank deposits the money in the employee’s account, and/or pays off the business credit card.
A simpler approach is to stop at step four and let the emailed expense report route through normal company channels for reimbursement.
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