Zoho Corporation, a global technology company, has announced a new version of its expense reporting software, Zoho Expense, that includes advanced capabilities to help mid-market businesses bring about efficiency in its T&E process, and control costs while recovering from the effects of Covid-19.
With the new version of Zoho Expense, businesses can manage their travel, gain more visibility and control of their company’s global spend from a single place.
Business travel has been significantly reduced due to Covid-19 while remote working has become a global norm.
Companies require the right processes and tools to improve collaboration, ensure compliance of all regulations, and optimise company costs until revenue is normalised.
The new version of Zoho Expense is designed to provide visibility on all costs incurred by the company across offices.
With a chat bar built into the system, teams can communicate in real-time during the T&E process. Zoho Expense also allows businesses to have the flexibility to quickly implement changes in their travel and expense policy with customisable approval workflows. This means that businesses can rest assured that their compliance obligations are fulfilled in the event of an audit.
“As businesses continue to combat the effects of the pandemic, there is an increasing need for a central tool that provides visibility of their overall business spend, simplifies travel management, streamlines approvals, prevents fraud, and maintains compliance,” sys Kevin Permenter, Research Manager of Enterprise Applications, IDC, said.
“With all these capabilities, Zoho Expense is helping businesses enforce company policies for T&E according to their country’s regulatory requirements. The system’s integrated travel management, budgeting, low-code extensibility and expense auditing features make this solution primed for rapid adoption in the mid-market segment.”
Sivaramakrishnan Iswaran, Vice President, Zoho, said that when it comes to travel and expense management, large organisations are typically stuck with legacy solutions.
“With these solutions, businesses are having to compromise on end-user experience, and on the features that they need,” he said.
“The new version of Zoho Expense is built specifically to address this problem – a solution that is both feature-rich, and intuitive to use. With end-to-end travel management, artificial intelligence-based fraud prevention, automation, customisable policies, advanced budget management, and a lot more, the software helps organisations easily control costs and manage compliance.”
