Expense Reporting

With expense reporting, as with time reporting, banks often find themselves shuffling large amounts of paper. The process is time-intensive and rife with errors. Processing rules often fail because neither managers nor employees find it easy (nor palatable) to remember and follow all the rules established for expense reporting.

The Benefits

Electronic expense reporting takes much of the time and pain out of the reporting process. It:

• Reduces reporting errors by automatically enforcing accounting rules and by handling all the calculations.
• Reduces “off book buying” by identifying those items that must be purchased through established channels.
• Eliminates the paperwork and hand-routing of expense forms.

The Features

The Banker’s Intranet Expense Reporting System provides:

• Simple-to-use entry forms and a Quick Fill feature that speed the process of time reporting.
• Administrative tools that allow the accounting team to set-up and change rules as needed.
• An automated routing system that ensures reports receive all necessary review, and online status reporting so all authorized parties may check on the status of a report.
• Sophisticated reporting tools that allow users to review all levels of detail from corporate and team budgets, cost centers and individual expense items.
• Batch upload approved reports into corporate accounting systems.