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Businesses traditionally relied on manual expensereporting for expensereport compliance and managing company spending. However, company expenses increase as a business grows. It is no longer practical for the company to continue manual expensereporting through Excel or paper.
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A well-crafted company expense reimbursement policy also allows you to organise your finances and prevent overclaims easily. This article will discuss some challenges of company expense policy implementation and the steps in creating an effective expense reimbursement policy.
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In as long as it takes you to read this article, you’ll be able to understand Bill.com vs. Tipalti and how to move forward on your AP automation journey. Now, the platform offers a range of tools including mass payment capabilities, three-way matching, procurement optimization, integrated expensereporting, and so much more.
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