According to the 2019 travel and expense management trends report , nearly half of all businesses surveyed, precisely 43% of the companies, still manage their expense reports manually. This trend report predicts that the travel and expense management software market is set to reach $2.7 billion by 2022, illustrating the growing need for such financial tools for businesses around the world.
Expense tracking is a crucial aspect of these management tools. It provides employees and business owners with the means necessary to operate and run a company while keeping detailed tabs on the money going in and out of the accounts. If you’re looking to take control of your business’s finances, then an expense-tracking application that integrates with your management and accounting systems is a must.
Here are the top five expense-tracking apps that can help you.