Declaree Online Expense Reporting

Manual expense reporting is a significant burden for many organizations, consuming both time and resources. On average, processing a single employee expense report costs approximately $58 and requires about 20 minutes of effort. For businesses handling hundreds of reports each month, this can lead to substantial inefficiencies and financial drain. Moreover, reliance on spreadsheets and physical receipts often results in errors and a lack of visibility into spending patterns.

Companies transitioning from manual systems to online platforms have seen dramatic improvements. For instance, organizations have reported reducing reconciliation time by up to 75%, from 40 hours to just 10 hours per month. This shift not only enhances operational efficiency but also offers better insights into employee spending, ultimately improving the employee experience.

Harvest provides a robust solution for teams and businesses looking to streamline their expense tracking processes. By integrating expenses into project budgets, Harvest allows users to monitor expenses against budgeted totals in real-time. This feature is particularly beneficial for project-based teams where managing and staying within budget is critical.

Unlike some sophisticated systems that may require complex integrations, Harvest offers a straightforward approach. Users can manually enter expenses, ensuring that all project-related costs are accounted for accurately. This simplicity allows teams to focus on their work without being bogged down by cumbersome processes.

Automating expense reporting workflows can save organizations significant time and money. Companies that have automated their expense processes report saving over 5,400 employee hours annually. These savings translate into more strategic allocation of resources and reduced operational costs. For instance, one company reduced its month-end close time from 20-25 days to 12-13 days after switching to an automated expense system.

Harvest, while not offering full automation, provides essential tools to manage expenses efficiently. By allowing expenses to be included in project budgets, Harvest helps users keep track of spending, ensuring that project costs remain under control. This feature is vital for teams that need clear visibility into their financials without the complexity of fully automated systems.

Mobile apps have become a key component of modern expense reporting, accounting for 54% of submissions in 2021. This trend is driven by the shift to remote work and the need for flexibility in business travel. Mobile integration allows employees to capture receipts and submit expenses on the go, reducing the likelihood of lost receipts and ensuring timely reporting.

Harvest, available on iOS and Android, enables users to track expenses conveniently from their mobile devices. While it requires manual entry, the mobile app ensures that users can manage their expenses anytime, anywhere. This flexibility is crucial for businesses that have remote or traveling employees, ensuring that expense management does not disrupt their workflow.