🏙️ Indigenous insights

Three reasons to ditch traditional expense reports (and a better alternative)

Expense reports have long been a staple of corporate financial management, but their drawbacks are increasingly hard to ignore. Here are three reasons why your company should consider ditching them:

Time-Consuming: Preparing and reviewing expense reports is a time-intensive process. Employees spend valuable hours documenting expenses and managers must painstakingly review each submission.

Error-Prone: Manual entry often leads to errors, from miscalculated amounts to missing receipts. These mistakes can result in inaccurate financial records and potential compliance issues.

Lack of Real-Time Visibility: Expense reports provide a retrospective view of spending, making it challenging to track expenses in real time. This delay can hinder proactive cost control.

Float offers a better alternative — one that both finance teams and employees prefer. Learn more at www.floatcard.com

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