We feel you, chasing expense receipts is no fun. Not only is it a tiring process, but it also makes you feel highly unlikable among your colleagues. But alas, receipts are necessary so that your company can track where your money is going, which ensures that your boss is happy - which then ensures that you still have a job.
If we’ve learnt anything from history, it is that it repeats itself. Month after month, we find ourselves going through the long hassle of getting employees to SUBMIT THEIR EXPENSE CLAIMS WITH THE APPROPRIATE RECEIPTS!
Regrettably, it feels almost like a rite of passage that all finance personnel will go through these 3 stages of emotional turmoil when chasing for expense receipts.
Stage 1: The Wait
At this stage, you’re experiencing the calm before the storm. Perhaps there’s still a week or more until the expense claim is due. All is good. Why do we need to chase staff even? Surely there will be time to do it later.
Anyways, you’ve got other more important things to do right now.
But soon you realise that the deadline is approaching. You then subtly, or not so subtly, try hinting to your staff that the claim period is coming, and you’ll need their expenses and receipts. At this stage, you probably sound like a nagging mom claiming “NO RECEIPT. NO CLAIM.”
And finally, let’s not forget that one staff who almost EVERY TIME manages to lose their receipts, and decides to play roulette by claiming for the expense anyway and hoping you’d don't notice the missing receipts.
At this point, while stressfully training to consolidate all your expenses, let’s not forget the inevitability of that one staff member who pops up with an additional receipt that they’d forgot to put into their claim.
Finally, it is the end of the day and you’ve accounted for all your company’s expenses with their receipts. Congratulations! You’ve survived another round of chasing your staff for their receipts! Pat yourself on the back!
Who are we kidding, at this point you’re probably looking like this.
Well, we at Budgetly think not! If you’re looking for a platform that can simplify and track all your expense receipts in one place, then what you need is us! Learn how our prepaid corporate card and expense management platform can help you manage your expenses easily, and never deal with the stress again!