Despite the fact that companies everywhere have been using expense reports forever, the process is still often misunderstood and costs unnecessary time for everyone involved.ĥ minutes for their manager to review and approveġ0 minutes for a finance team member to review, reimburse, and reconcile This statistic comes from our own client surveys, cross-referenced with industry data available online. The average expense claim takes 20 minutes to process Most companies just grit and bear it.īut if more businesses realised just how much time they lost to the expense report process, perhaps they’d rethink this position. The most obvious drawback to expense reports is the time they take to prepare and process. Expense reports are a drain on time and money
