For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense ...

An expense account sounds simple enough, but it actually means two different things in business. First, it’s the process that lets employees pay for work expenses and get reimbursed by their company.

Historically, expense software has been built with three goals in mind: prevent overspending, enforce policy compliance, and store the necessary data for regulatory, accounting and tax reasons. That’s ...