Harvest
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Automated Expense Management

Harvest simplifies project-based expense tracking, helping teams manage expenses alongside time without complex automation. Reduce errors and streamline operations with Harvest.

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  • Attach receipts to projects & tasks
  • Turn tracked expenses into client invoices
  • Free 30-day trial, no credit card needed

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The Need for Automated Expense Management

Automated expense management is essential for businesses aiming to streamline operations and reduce errors. Traditional manual methods can lead to significant inefficiencies, with manual expense reports taking over 20 minutes to complete and costing approximately $58 each. Moreover, 19% of these reports contain errors, each costing an additional $52 and taking 18 minutes to rectify. This inefficiency is costly both in time and resources.

By adopting automated solutions, companies can cut processing costs by 30% and reduce expense report errors by 65%. Automation also accelerates approval times by 50%, enabling faster reimbursements. With 83% of enterprises moving towards automation, the trend is clear: the old way of managing expenses is no longer viable. Businesses that fail to adapt may find themselves lagging behind in efficiency and accuracy.

How Harvest Simplifies Expense Management

Harvest offers a streamlined approach to expense management by centralizing expense data within project budgets. Unlike complex systems that require extensive integration, Harvest provides a simple yet effective solution for teams. Users can track expenses by project and category, ensuring that all data is easily accessible for better budget management and forecasting.

This project-based tracking allows businesses to maintain control over their finances without the need for real-time T&E visibility or ERP integrations. Harvest's focus on simplicity means that businesses can quickly adopt the system without the usual hurdles of complex setup or IT resource demands.

Overcoming Manual Entry Challenges with Harvest

Manual data entry is a common pain point in expense management, often leading to errors that are both time-consuming and costly to correct. While Harvest does not offer OCR for automatic receipt data extraction, it provides a straightforward method for manual entry and receipt uploads. This allows users to maintain accurate records without the need for AI-driven categorization.

By simplifying this process, Harvest ensures that employees can quickly input expenses and attach receipts, minimizing the chance for errors. This manual yet streamlined approach is ideal for teams focusing on project-based expenses, providing a balance between ease of use and comprehensive tracking.

Implementing Harvest for Effective Expense Management

Implementing Harvest can significantly enhance your team's expense management capabilities. With its focus on project-based tracking, Harvest allows businesses to centralize expense data, improving budget management and forecasting without the complexities of ERP integration or automated policy checks.

To get started with Harvest, businesses should assess their current processes and identify inefficiencies. Engaging key stakeholders from IT, finance, and HR will ensure smooth adoption and maximize the benefits of the system. Additionally, providing thorough training and clear guidelines will facilitate a seamless transition to Harvest's simplified expense management approach.

Streamline Expense Management with Harvest

See how Harvest centralizes expense data for better project tracking and budgeting. Simplify expense management today.

Harvest dashboard showing project-based expense management

Automated Expense Management FAQs

  • Automated expense management reduces processing costs by 30% and cuts approval times by 50%. It also decreases errors by 65%, saving both time and money on corrections.

  • Key features include automated expense tracking, receipt scanning, integration capabilities, real-time reporting, and policy compliance checks. Harvest focuses on project-based tracking for simplicity and efficiency.

  • Automation enhances efficiency by reducing manual entry errors and speeding up approval processes. It allows businesses to focus on strategic financial management rather than administrative tasks.

  • Harvest centralizes all expense data within project budgets, allowing for easy tracking by category. This helps businesses maintain control over their expenses and improve budget forecasting without complex setups.

  • Harvest does not integrate with ERP systems but offers a simple solution for project-based expense tracking, making it ideal for businesses looking for straightforward expense management.

  • Industries like professional services, construction, and healthcare see significant benefits, such as reduced reconciliation times and improved compliance, from automated expense solutions.

  • Harvest allows users to manually enter expenses and upload receipts, ensuring accurate record-keeping without the need for OCR technology.