expense reporting Archives | Page 2 of 5 | Official Blog of Gorilla Expense

The Hidden Costs of Relying on Traditional Expense Management

February 13, 2023/in corporate credit card, expense creation, expense management, expense reporting, features/by Malhar Potnis

Are you overlooking the hidden costs of relying on traditional expense management? Below are some of the scenarios where traditional expense management is eating up your budget.

When your team gives an average of 16 hours a week to filing expense reports, there is room for error with added burden on the administrative staff.

These errors lead to financial losses, mismanagement and turn expense management into a prolonged process. This gives the employees a gateway to spend more.

Travel and entertainment expenses see a surge, busting your company finances and budgets.

Slow reimbursement further adds to tampering employee-organization relations as it erodes employee experience and financial wellbeing.

Gorilla Expense comes to the rescue with its seamless solutions and top-of-the-line features.

With Gorilla Expense’s packaged solution, say goodbye to the hassle of lost receipts, mismanagement, and slow reimbursement processes.

Our solution offers a one-stop-shop for all your T&E needs – with a corporate card, automated expense reporting, real-time transaction monitoring, and proactive spend controls, reduce administrative burden, improve expense tracking, increase spend control and streamline reimbursement processes.

Streamline expense management with Gorilla Expense. To know more, click here

Gorilla Expense Makes Credit Card Reconciliation a Breeze

January 27, 2023/in credit card reconciliation, expense creation, expense management, expense reporting, features/by Malhar Potnis

Have you been struggling with financial paperwork? Are you tired of accessing your company’s bank account multiple times a day and sifting through paper expense reports? If your answer is yes, then we have good news for you.

Our credit card integration syncs with your bank multiple times a day, bringing in all posted transactions from American Express, Visa, Mastercard, and over 3,000 other banks and credit cards.

Users receive an email when their data is auto-imported and an expense report is created, so they’ll know immediately when there’s a new report pending submission. And once the report is submitted and approved, it can be pushed straight to your ERP system.

Each automatically created expense report will correspond to the user’s credit card statement dates, which means the report will have the same total as the credit card statement. Thus, achieving automatic reconciliation.

Let our credit card reconciliation system do the heavy lifting for you. Here is a link to the Credit Card Reconciliation demo: https://lnkd.in/dQZWZB3K

Gorilla Expense offers streamlined expense management solutions and works tirelessly towards simplifying your expense management process. For more such easy-peasy features, click here.

Gorilla Expense wins the Top Member Award by ERP Cloud Blog

January 20, 2023/in blog, erp cloud, erp software, expense management, expense reporting, expense tracking, top member/by Malhar Potnis

Gorilla Expense has kickstarted the year on a high note by successfully achieving the Top Member Award by ERP Cloud Blog. Moreover, we’ve also fetched a spot on the top 10 ERP blog posts of 2022 by ERP Cloud Blog. Go ahead, take a read here.

This accolade from ERP Cloud Blog empowers us to carry out our aim of making expense management simple, easy and hassle-free for executives around the world. Whether it is through accessible information or top of the line features, we are committed to providing seamless expense management and expense reporting solutions to corporates. Discover more of our blogs here.

Gorilla Expense works tirelessly at providing streamlined expense management solutions that enforce compliance and are pocket friendly. To explore our features and offerings, click here.

Cut Back On Unnecessary Costs With Essential Expense Reporting Features

January 20, 2023/in dynamics 365, expense management, expense reporting, features, pricing, sage intacct/by Malhar Potnis

At a time when businesses are looking at ways to cut down on costs and improve efficiencies, integrated expense reporting solutions are gaining more and more importance. Here’s how Gorilla Expense comes forward as a reliable answer to all your expense reporting questions:

T&E POLICY and FRAUD

Did you take a look at your company’s T&E spending, reimbursements and other internal expense reports? If not, then we suggest doing so to catch hold of any expense fraud activities.

T&E is an integral part of a company’s operational costs. Around 5% of the total T&E cost is lost to expense fraud due to manual processing and 6% is lost to T&E out of compliance. This takes place because of duplicated out-of-pocket employee expenses every year which makes it important for companies to detect and prevent frauds as well as leakages within their systems as soon as possible.

MANUAL EXPENSE REPORT PRICING

Every year, a company spends around $45 (this is a wage inflation adjusted number from the Aberdeen 2012 report that shows a cost of $35 per report) to process a single expense report. The true cost may be higher but manual expense reporting builds pressure on employees and managers as they are responsible for tracking and gathering receipts. This leads to delay, frauds and leakages.

Moreover, manual reports make it almost impossible for a company to keep a close tab on travel and expense spends while staying within the budget.
Here hops in the need to switch to a solution that is not only painless but also economical.

Gorilla Expense offers pricing that is more effective, efficient and economical than its competitors. You can save up to 40% due to included integration that already exists with certain systems. When compared to Excel, the benefit can be up to 70% reduction in cost, taking into account productivity and compliance improvements. Our Savings Calculator can assist with this analysis and help you save time, money and effort.

At pocket friendly prices, Gorilla Expense envisions creating features that not only ease the expense reporting process but also increases transparency within business expenses. With flexible pricing, Gorilla Expense helps you pay for what you use. For further information on pricing, click here

Easily Add Details to Receipts with the Receipt Tag Tool

December 26, 2022/in corporate credit card, expense management, expense reporting, features, receipt scan, receipt tag/by Malhar Potnis

Completing all expenses at month end can be tedious, time consuming and you can be missing out on some information. To streamline your expense reporting, Gorilla Expense provides the Receipt Tag Feature.

This tool allows users to add required information as tags on the already stored receipts in the receipt box. When you import Corporate Credit Card expenses at a later point in time, Gorilla Expense will automatically merge the receipt with the corporate credit card expense line and also transfer all the tagged information on the receipts to the corresponding fields. For detailed step-by-step instructions on how to use this feature, visit our Receipt Tags page on our support portal.

Gorilla Expense is constantly evolving to offer its clients a smooth expense reporting and expense management solution that keeps them organized and saves time.

For more such in-app features, click here

Attach Multiple Page Receipts to Expense in One Go

December 21, 2022/in expense management, expense reporting, expense tracking, multi page receipts, receipt box, receipt management, Receipts, single multi page pdf/by Malhar Potnis

Has converting multiple page receipts (like Hotel Receipts) into PDF and/or attaching them page by page to the same expense line been a tiresome process? Well not anymore!

This feature allows users to combine multiple page receipts and/or any supporting documents into a single PDF file that can be then attached to the desired expense.

Users can also swap the order of receipts before converting them into PDF.

Once the PDF is created, it will be saved in the Receipt Box from where users can add them to any chosen expense line.

Gorilla Expense works tirelessly towards easing the work for its customers by making expense management hassle free and effortless.

For more such hassle-free receipt management features, click here.

Gorilla Expense Achieves the Azure IP Co-sell Incentive Status with Microsoft

Gorilla Expense is Now a Preferred Microsoft Expense Management Solution

December 19, 2022/in azure, dynamics 365, expense management, expense reporting, expense tracking, Partners/by Malhar Potnis

Gorilla Expense is thrilled to cap off the year by successfully achieving the Azure IP Co-Sell Incentivized Status with Microsoft. This coalition will help us serve a vast network of users with a robust and intelligent expense management and expense reporting software.

Co-selling is a collaborative engagement between Microsoft and its partner ecosystem. On the offer listing page in the online stores—Azure Marketplace and App Source—offers that attain Azure IP co-sell incentivized status receive a Microsoft preferred solutions badge.

The Microsoft recommended solutions badge highlights an offer’s excellence, effectiveness, and capacity to meet client needs in a particular industry vertical or solution area.

Gorilla Expense promises streamlined expense management with more than 30+ features and capabilities to enforce compliance and increase savings. To learn more about such features, visit our website here

Match and Merge Receipts to Credit Card Expenses using Auto-Attach

December 7, 2022/in auto attach, auto merge, expense management, expense reporting, features, match, scan, Sync/by Malhar Potnis

One of the most tedious tasks involved in submitting an expense report is finding and attaching receipts to the respective expenses. While Gorilla Expense automatically imports and codes all your expenses from your credit card statement, attaching receipts to multiple expense lines can still be a very painful process.

We solve this by providing several tools like our Receipt Box, Receipt Scan and Auto-receipt Merge. Now we can automatically attach receipts to incoming expense lines imported from your credit card statement. Users can do this on demand as well by clicking on “Option > Auto Merge” in the Receipt Box and we will find all expenses that are a match and then merge the receipts to those respective expenses.

Based on the values scanned from the receipt, such as Amount, Date, and Merchant, the Auto-attach tool matches receipts available under the Pending Tab to the imported corporate credit card charges with 100% accuracy.

If we are not able to attach the receipt for you automatically, you will still be able to attach it yourself manually by going to the web application > Expenses > Edit Expense > Add Receipt > Merge Receipt.

Just snap & match and let Gorilla Expense take care of your expense management.

Find out more about our auto-merge feature here.

To discover more such features, click here

Auto-Create Expense Reports by Forwarding Email Receipts

December 5, 2022/in email receipts, expense management, expense reporting, features, receipt box, scan receipts/by Malhar Potnis

From inbox to Receipt Box, instantly!

If you get a receipt in the mail, share it on our universal email id – email@gorillaexpense.com (If you are not based in the USA or Canada, you should forward you emails to asia@gorillaexpense.com) and the Gorilla Expense email forwarding capabilities will take care of it. The forwarded email receipts will appear directly in the Gorilla Expense receipt box. They are then scanned and synced before they are matched with the incoming credit card expenses.

For your benefit, your expenses are linked to your receipt box, making expense management easier and hassle-free.

Discover more such features, click here

Seamless and Accurate Scanning with Intelligent Receipt Scan Feature

November 30, 2022/in AI OCR technology, expense management, expense reporting, features, receipt scan, scan/by Malhar Potnis

Snap, submit and scan!

Gorilla Expense’s promise of streamlined expense management comes with an advanced receipt scan feature. On the mobile app, click a picture of the receipt and watch the app automatically scan it for relevant information like amount, date, and merchant that can be mapped to the incoming credit card data.

This feature is built with an advanced AI and OCR technology that captures and codes expense details. Immediately after the expense details are coded, an expense report is generated, making expense management and expense reporting a smooth process.

Find out more about managing your receipts here.

Gorilla Expense is the solution for seamless and accurate scanning and easy expense report creation.

Explore 30+ in-app features that make expense reporting a breeze with Gorilla Expense. To know more, click here.