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Sunil NIGAM

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Move over, Mary Poppins. In the world of cloud-based expense management software, you've got it wrong. To pick the right expense management software a business would be better advised to start at the end to get the most effective result; here's why.

After all these years, we can finally reveal the shocking truth: Mary Poppins was wrong. Her assertion in song that the beginning was a very good place to start is demonstrably not the case.

Without wishing to disrespect the magical Nanny figure, she's been left behind by the digital age, where, at least when is comes to business expense management, the end is a far better starting point than the beginning.

It's like this: When it comes to expense management software, any business needs to understand perfectly what it needs from the system it chooses. It's a business decision like any other, and should be based on delivering the best outcome for the business - and that's where a start should be made. It's a given that you're looking for improvement in at least one area, and begs the simple question: "What are we trying to achieve?" Armed with that nugget of information, it's then possible to work backwards, examining the solutions on offer to pick the one that works best to deliver your objective. But be careful; examine your options carefully, because you may find other features that would offer benefits you hadn't actually thought of. Expense management software comes in many 'flavours' these days, and therein lies a danger. The greater choice you're faced with, the greater the chance that you'll get it wrong.

Here's why it starts with you

The first thing we decided was that one size couldn't fit everyone. At Solo Expenses (and it's bigger brother Expense on Demand), that led us to create not one expense management solution, but four. We did it by thinking of people like you, the end users who are busy people and don't want to spend their whole day checking and double checking expenses and expense claims. After all, we reasoned, you've got a business to run, and clients to satisfy. They're far more important to the future of your business than internal clerical tasks; even the ones that can't be ignored.

Pick the best option for you

Our solutions have in common that they're cloud based expense management software; but, like the chocolates in a box, they are variations on a theme. We actually created this to help sole traders to manage their expenses, but individuals quickly found that it's equally effective for managing personal budgets too. Note that price: FREE. It really does cost nothing, and it never will.

A step up from that we offer a 'business owner' version aimed at companies with up to five employees - the backbone of the UK economy. This has all the features of the Personal Use model, but adds some other invaluable features too. There's a cost to this; just £2.49 a month - but bear this in mind. By controlling your expenses, it's likely to save you more than that each month, which, we'd suggest, makes it free to use too.

Next in line is the SME version. Aimed at larger companies still, but offering the same clear and easy-to-use interfaces as its smaller-company counterparts.

And the corporate choice is…

And then we have the Expense on Demand 'Enterprise Expense Management Software' product; by far the most powerful expense management solution in our portfolio, with the capability to control expenses effectively in organisations with thousands of employees, working in multiple currencies across international borders. Its claiming and payment mechanisms are robust and simple; it incorporates travel book and mileage validation; up to six levels of approval, and sophisticated expense policy compliance.

We think there's something in our product range to suit every business keen to tighten up on finance with an expense management solution. But don't take or word for it. We're not new to this business. Our products have been upgraded and fine-tuned regularly since we entered the market in 2003, and are used by individuals in almost 100 countries, making us a major player. If we'd been around when Mary Poppins was in her prime, we'd like to think she would have thought we were magic, too…

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Expense On Demand was started in 2003. There are two products – Expense on Demand for enterprise customers and Solo Expenses for small and medium sized customers. Solo Expenses is only sold from the internet and fully mobile. It is already very successful and selling in 96+ countries. Visit here for more Information : https://www.expenseondemand.com/
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NIGAM, Sunil "How to Find Best Expense Management Software." How to Find Best Expense Management Software. 02 Aug. 2016 Isnare.com. 25 Jun. 2018 <https://www.isnare.com/?aid=1955597&ca=Business+Management>.
APA Style Citation:
NIGAM, Sunil (2016, August 02). How to Find Best Expense Management Software. Retrieved June 25, 2018, from https://www.isnare.com/?aid=1955597&ca=Business+Management
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