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Difference between Manual and Tech Powered Reimbursement Processes

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Infographics

Difference between Manual and Tech Powered Reimbursement Processes

Posted On March 2021

Traditional Reimbursement Process Employees Invoice filed electronic invoice Payment Physical submission Manager Approval Authenticity of the invoice Reimbursed Accounting staff Duplicated PO-invoice-GR match Manual check Post to general ledger Accounting system manual data entry

Tech-Powered Reimbursement Process Financial analysis Paper-Invoice Fapiao data collection Electronic-Online-submission Manager Batch-payment general ledger Accounting-system Automatic-data-entry Online-approval Authenticity of the invoice Reimbursed Invoices Duplicated Invoices VAT credits calculation Data review and correction verification

Hours Spent on Reimbursement Process Before and After Automation Employee Reimbursement Applications Manager review Accounting team check hours saved Entry into ERP


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