In the context of increasing employee financial and expense management needs, many businesses are currently or planning to integrate new technologies, especially artificial intelligence (AI), to control and Optimize per diem expenses. New data shows that the combination of AI and other technologies not only helps solve spending challenges but also creates efficient and flexible financial management processes.
The influence of AI in expense management
According to data from American Express' Trendex Business Travel Edition, approximately 70% businesses are currently using AI to manage aspects of per diem. Among them, 73% said it is integrating cost management software, paving the way for incorporating AI technology into the cost process.
American Express and Microsoft are developing new technologies to address the challenges faced by cost accountants and business travelers. AI and machine learning capabilities provide a simplified solution for cost reporting and approval, while optimizing the claim process.
Automate expense reports and approvals
Automating expense report creation and approval processes not only helps reduce work burden but also provides an optimal user experience and optimizes per diem management for businesses. However, this combination also makes many leaders skeptical about its practicality and issues such as safety and security.
It can be understood that AI can automate per diem processing processes, from proposal, approval, payment to spending control. This helps save time and effort for accounting staff, while minimizing errors during the processing process.
Bizzi – Expense management application for businesses helps manage business travel requests and per diems
To meet the needs of businesses in optimizing cost and work management, Bizzi has become a smart application that helps modern businesses effectively manage work requirements and related costs. . Below are the outstanding features of Bizzi:
Subsidy policy and work management
Bizzi allows businesses to specify daily allowance policies and limits on the number of working days, as well as bus, plane, and hotel ticket requirements for each employee. This helps create a strict work management process and policy compliance.
Create and submit work requests for approval
Users can easily create a business request containing detailed information about departure/return date, location, allowance, ticket booking request and expense list. This helps reduce the time and effort required for managing costs and preparing for business trips.
Approve the request and send notification
Superiors can easily receive notifications and approve employee work requests through Bizzi's user interface. After approval, users can share requested information with Administrators or other departments to receive ticket booking support.
View information and ticket/hotel booking limits
Users can view information about work, ticket/hotel booking limits according to employee policies from approved requests. This helps ensure that every process complies with company policy and keeps costs tightly controlled.
Support for booking tickets and recording travel expenses
Bizzi not only helps manage business requests but also supports booking airline tickets, train tickets, and hotels for employees through sharing information required for approval. At the same time, it also records and reports business expenses incurred to complete the set of work documents.
Easily book air/train tickets and hotels through the app
Bizzi is not simply an expense management application, but also a powerful partner in optimizing work processes and controlling costs. With flexible and efficient features, Bizzi promises to bring the best experience to businesses, helping them save time and resources, while ensuring strictness in business cost management.
In today's business world, using AI technology to optimize cost management is not only a trend but also a necessity. Despite challenges and skepticism, this innovative approach promises to bring great benefits to businesses, from reducing costs to increasing control and flexibility in financial management.
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