Thanks! Yea we don't think that employees should be used as a 'line of credit' for their employers. If you purchase something on your company's behalf, you should be reimbursed for that expense as quickly as possible.
What takes more time though? Quickly reviewing a listing of 20 expenses that an employee made on a trip and signing off, or getting an alert 5 times a day for 4 days for an expense that needs to be approved.
I think you guys under estimate how valuable a managers time is and that this doesn't actually save them time but puts the hassle of expenses from the employee to the manager.
It really depends on the expense volume, which is why we let managers set the frequency of notifications - for heavy volume sales organizations, they may prefer to review it as a daily digest, whereas for low volume founders, they expect to see everything real time. Abacus is as real time as you want it to be. We make it faster for employees to submit and managers to review.
Comments
Thanks! Yea we don't think that employees should be used as a 'line of credit' for their employers. If you purchase something on your company's behalf, you should be reimbursed for that expense as quickly as possible.
What takes more time though? Quickly reviewing a listing of 20 expenses that an employee made on a trip and signing off, or getting an alert 5 times a day for 4 days for an expense that needs to be approved.
I think you guys under estimate how valuable a managers time is and that this doesn't actually save them time but puts the hassle of expenses from the employee to the manager.
It really depends on the expense volume, which is why we let managers set the frequency of notifications - for heavy volume sales organizations, they may prefer to review it as a daily digest, whereas for low volume founders, they expect to see everything real time. Abacus is as real time as you want it to be. We make it faster for employees to submit and managers to review.