How To Modernize Employee Expense Management With AI And Automation?

As the world around us continues to rebuild and forge a path to survive and thrive in a new normal post-COVID-19, more and more travelers are likely to again hit the road. It is estimated by the Global Business Travel Association that business travel is expected to recover fully by the end of 2024. Undoubtedly, this is a welcomed sign of recovery after the long wait, the uptick in business travel will soon translate to more expense reports to file and approve for employees and managers. This can be a tedious task but thankfully the new expense report experience for Microsoft Dynamics 365 Project Operations can simplify things.

One of the best things about the new expense report experience for Microsoft Dynamics 365 Project Operations is that it leverages automation to get rid of many pain points that are generally associated with expense management. It helps eliminate countless hours scanning receipts and credit card statements; working through frustrating errors that block approval workflows; and itemizing, categorizing, and matching expenditures.


The new expense management experience in Dynamics 365 Project Operations was launched to get rid of employee dread due to the poor user experience and an enormous drain on productivity. The new expense management experience was started by combining Microsoft Azure as a cloud base to provide support to an internet-first approach and Microsoft Dynamics 365 as a flexible architecture so that the rigid structures of third-party apps can be easily eliminated while unifying expense reporting tools.


The new expense management experience in Dynamics 365 Project Operations leverages automation capabilities to“read” receipt images and extract essential information and allows employees to quickly populate expense reports in a practically touchless manner. Thereafter, artificial intelligence and machine learning are applied to categorize expenses and match unattached receipts with charges from imported credit card statements.


The best thing about the new expense management experience in Dynamics 365 Project Operations is that it allows organizations to easily manage and track employee expenses. Moreover, it helps in securely storing payment information, setting up expense policies and automated approvals, managing expenses in the Mobile expenses app, and automatically importing credit card transactions on a recurring basis.


Find out how your organization can leverage Microsoft Dynamics 365 Project Operations to seamlessly connect resource management, sales, accounting, and project management teams in a single app for the enhanced collaboration, visibility, and agility needed to drive success. Call or email us at C.I.G Consultants now.


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