Expense report software is the software that enables management to know where the money is being spent, thereby controlling and auditing its expenses to meet the ideal budget estimates. This software is an automated organizer that provides an excellent expense-management solution. Owing to the automated expense reporting, this software reduces errors in reporting and increases expense control, resulting in cost savings. It enables the payroll department to streamline the process of integrating expense report data with the payroll of the employees in an organized and standard fashion. Indeed, there is variety of expense report software. Depending on the requirements, a company has to choose the ideal software package, and it has to implement it only after sufficient trials. A large number of companies all over the world have been implementing expense report software for easy and quick expense reporting and reimbursement.

Concur Service Ltd. offers web-based expense report software so that employees can submit their expense reports anytime and from anywhere. This software accompanies electronic receipts eliminating hard copies of invoices, vouchers and bills. As a consequence, approval and reimbursement process will be quickened. There are control tools along with this software that minimize frauds and encourage compliance with the rules and regulations of government regulations like Sarbanes-Oxley act. Furthermore, there is another software program by the name of Expense Management Automation (EMA) software that automates the filing, approval and reimbursement processes of expense reports of employees. According to Aberdeen Group, an employee can save the 60 percent of the time required for the submission of an expense report and save the time required for the settlement of claim by 90 percent through this software. Even the companies can reduce the costs involved in the processing of expense reports by 80 percent.

All of this web-based expense report software began in 1999. Before that, companies used to follow some Enterprise Resource Planning (ERP) packages for expense reporting and management. One of the top-most companies called Thomson Corporation implemented this software and began to see the benefits of it. The Ccompany has saved $16 for every expense management transaction. However, in order to implement the expense report software, employees should be computer savvy and at the same time they should follow all the instructions involved in the application of the software.