Online Expense Reporting Solutions to Focus on Business Intelligence

Business intelligence refers to computer-based techniques for identifying, extracting and analyzing business data, such as sales revenue by products and/or departments or by associated costs and incomes, etc. Business Intelligence is an important aspect of every business solution. Users at various levels need to be provided with appropriate information in order to help them in making smarter decisions. This article focuses on the business intelligence aspect of online expense reporting solutions.

Generally, expense reporting solutions provide users with a variety of business metrics such as reports and dashboards to analyze important areas of the expense reporting process with customizable options. These reports and dashboards are customized for various levels of users.

Certify is a web based solution for automating the process of creating, submitting and approving expense reports. Users can generate reports on data such as details of pre-trip authorization requests, expense reports, approvals, out of policy violations, expense categories used, status of expense reports, and more. The criteria for generating any of the above reports can be can be customized for a user's specific needs. The criteria and generated results can be saved for future use. Dashboards show real-time status of amounts spent for each expense type, amounts spent by user, and more. A list of recently created, pending and approved expense reports can be quickly viewed from the dashboard. Data can be analyzed by means of reports & dashboards which help reduce unnecessary spending and reimbursement time.

Furthermore, some other capabilities comprised within this Expense Report Software include cross company approvals, which allows expense reports sent to be sent approval across various subsidiary companies and expense level additional codes which are codes such as client, project and product lines that can be assigned at the time of expense creation. A default code can also be attached to each user so the code is populated when creating expense reports.