In the old days, not so very long ago, accountants and business owners would have to keep impossible to keep up to date ledgers of their everyday business expenses. Corporations needed large accounting departments full of people manually inputing expenses from stacks of cash register receipts, bills and invoices. Data entry is the bane of every accounting office employee. Writing in these expenses or typing over and over again is time consuming and prone to errors. Modern software promises to make the chore of Expense Reporting easy and less of a manual labor chore. But, almost all software solutions tend to require more or less manual data entry.
The holy grail of expense reports automation is a system or a software suite that truly automates the process of gathering, inputting, categorizing, submitting, approving and finally getting reimbursed for your business expenses.
The new expense report app promises to be the holy grail of expense reports automation. Starting with their Mobile Expense App for the iPhone and Android smart phones, you can photograph a receipt as you get it, automatically have it scanned, and using sophisticated optical character recognition software, automatically categorize it, and send it to your accounting department for adding to your expense reports, and then automatically sending it for authorization or approval and then get reimbursed quickly and automatically have funds sent to your account.