travel and expense software (T & E software)

Travel and expense (T&E) software is programming that allows an organization to track and approve reimbursement for the cost of a business trip.

Travel and Expense

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Travel and expense (T&E) software is programming that allows an organization to track and approve reimbursement for the cost of a business trip.

Certify and Concur are two of the largest specialty T&E software providers, but buyers can also purchase T&E systems as modules for larger enterprise resource planning or human capital management systems.

Many T&E software vendors have added mobile capabilities in recent years, allowing employees to take digital photos of receipts with a mobile device and route them through the system electronically. Managers can also approve expense reports or travel requests with a mobile device app. While these mobile capabilities can help reduce manual errors and simplify the process, experts point out that they could pose security risks if unsecured devices get lost or stolen.

 

This was first published in September 2013

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