Top Reasons Why Cloud Expense Solution is better than On-premise Expense Software

1. Top Reasons Why Cloud Expense Solution is better than On-premise Expense Software Cloud platforms are reaping significant benefits to many areas of business and expense management is of no exception. Before the implementation of cloud technology, businesses are relied on spreadsheets to track expenses. This method was error-prone and time consuming, whereas cloud-based expense solutions made expense management more convenient. Let’s take a look at few benefits of cloud-based online expense report solutions: Access to the Data By using cloud expense report software you can access data anywhere, anytime. Employees do not need to sit in front of system for hours together to sort out monthly expenses. Cloud technology has added mobility feature to expense management so that your employees can capture receipts and create expense reports on the go. This would ensure that claims are never missed as every receipt can be turned into a report instantly. Centralized Storage Storing all your data in one place will allow your finance department to gain visibility over all areas of business expenses. You can gain insights at every phase of reimbursement process and see numbers in real-time, which means you, can take necessary actions when you identify unnecessary spending.

2. Get a Holistic View of Business Expenses With cloud technology, businesses can assign expenses by departments and projects, which earlier is not possible. You can see the overall amount spent for business expenses in just few clicks rather than scrambling around number of spreadsheets. Knowing overall expenditure is very important and can be helpful in identifying areas where overspending is happening. With online expense report software, you will get to understand your business expenses from a holistic view. This way of reviewing and reporting will ensure that you always make better financial business decisions. Security By embracing cloud solutions, you are improving your security on different levels. As files are not stored on your site, you won’t have to frighten due to hardware failure or lost laptops. This is very important in business expense management. So, opting for cloud online expense report software can be an added benefit to your business. Sign up today to learn how SutiExpense can help streamline your business expense reporting process.