Rydoo App

Do More with Your Rydoo App

Written by
Renata is Content Marketer at Rydoo.

Expense management might not be the sexiest topic within your company, but having your expense management system on point can save you a lot of time and a considerable amount of money.

It’s not just us saying it, it’s research:

According to a 2014 ACFE global fraud survey, the average business loses 5% of its revenue to fraud each year. Malevolent people have nothing to do with it, this revenue fraud is mainly due to honest mistakes and non-compliance with tax regulations. Streamlining your expense management process can help you increase control and compliance, which will save you from annoying expense management tasks and from wasting those 5% each year.

Technology is your best friend when it comes to saving time and avoiding mistakes. Using cutting-edge technology to control your expenses will allow you and your employees to focus more on bringing in money rather than losing it.

But how to choose an expense management solution that you’ll actually love to use?

For technology to help you streamline your expense management process, it needs to adapt to your needs, be mobile and allow you to submit and manage expenses in real-time, anywhere. Rydoo’s new fully mobile solution is designed to maximize your time and unburden you from the heavy tasks of expense management.

Let’s have a look at the advantages of a mobile app with the right features:

1. It allows you to manage expenses anywhere at any time simply by taking pictures of your receipts and instantly submitting them for approval. Approvers can approve and reject in real-time from their smartphones.

2. It reduces the time spent managing expenses by 70%, giving you more time to concentrate on your core business.

3. It gives you access to cutting-edge technologies such as OCR (Optical Character Recognition)* to automate tasks and significantly reduce errors and improve accuracy.

Over the past few months, our team has been updating Rydoo’s mobile application to deliver a better user experience and the latest innovations. No need to open your laptop anymore.

In-App Approval

With the new in-App approval feature, managers can approve or reject expenses submitted by co-workers directly from their mobile app. A simple swipe to the right to approve and a swipe to the left to reject. If an expense is rejected, the rejection reason can be added directly to the Rydoo app.

Per Diems

If a company works with per diems, the framework set on the web application is now available to employees in the mobile app. They can add their travel details in the Rydoo app and the platform will automatically calculate the due per diems.

Duplicate Detection

While some say that errors within the expense entry process are inevitable, we say they don’t have to be. Rydoo app automatically detects any duplicate entry and allows the user, approver, and controller to easily review it and delete it, if necessary, directly from the mobile app.

Activity Tracking

Communication is crucial when it comes to expense management. With the new mobile activity tracking feature, you can now monitor all activities within each expense in the activity tab.

With these new mobile features, your company can put in place a real-time, seamless, and digital expense management flow. No more miscommunications between employees and approvers and no more waiting to get reimbursed.

*OCR scans your receipt to extract relevant information such as date, merchant, currency, and amount.

Originally published , modified

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