Let’s be honest- expense management is about as exciting as watching paint dry. But what if you could turn it into something that is not only bearable but also… delightful? Meet REME, your new WhatsApp buddy, which is about to change the way you handle expenses and claims. Now here’s where the fun begins: how this little beauty will save you a lot of money!
What’s REME, Anyway?
But before one gives the details of earning the money, let’s have a little chat on what REME is. Picture this: you’re out for a business lunch, and the waiter just dropped the bill on your table. Instead of shoving it into your pocket wallet (where it’ll probably be forgotten until the end of time), you conveniently snap a picture and send it to REME through WhatsApp. Boom! The expense is logged, classified, and ready for submission. It’s like having a personal assistant in your pocket, without the tedious small talk.
Now REME uses some real fancy OCR tech to read those receipts. You can think of it as giving your phone a set of glasses and training it to read. Instead of reading bedtime stories, it’s reading the screwy restaurant receipts and taxi fares.
How REME Saves Your Money?
Let’s get down to brass tacks: You are probably thinking, “Sure, it sounds convenient, but how on Earth is that saving me money?” Okay, friend, allow me to explain a few benefits:
1. Time is Money: REME Saves a Boatload of It
Remember the last time you were submitting an expense report? Hours were spent digging through your bag for crumpled-up receipts, entering all the data into a spreadsheet, and triple-checking everything? Forget about that with REME.
Automating this whole process saves you all the time you can spend deal-closing, dreaming up more ideas for businesses, or binge-watching that Netflix show you keep hearing about. In business parlance, time off is money in your pocket.
2. No More Lost Receipts (and No More Lost Money)
We’ve all had this unfortunate moment: you lost the receipt for a big client dinner. With REME, you don’t ever have to worry about that again. As soon as you receive a receipt, take a snap and send it to REME — it gets stored safely in the cloud, ready to be submitted when you need it. No more lost receipts; no more lost reimbursements: kya ching!
3. Accuracy is Everything: REME Has Your Back
Human error is a real risk. One misplaced decimal here, one typo there, and your $15.50 lunch suddenly becomes a $155.00 feast. REME’s OCR technology ensures much more accurate data entry, lowering the odds of even simple errors costing you or your company wads of cash. It will also save you one heck of an awkward conversation with Accounting about how your coffee could apparently cost more than your rent.
4. Redeem Yourself Too Late: Real-time Tracking Will Check You
Now, let’s get to one of the worst ways we lose money: we just forget how much we’ve already spent! REME has got this under control: real-time information provides you with all of the reference material you need to clip spending before it goes insane this month.
5. More Rapid Reimbursement Means More Cash Flow
Let’s be honest-if you’re laying out big bucks, there’s nothing quite as frustrating as hanging out there waiting for the reimbursement to come through. With REME, submissions get smoother, and approvals and reimbursements, therefore, are potentially faster. Better cash flow means your pockets will jingle sooner.
6. Easy Compliance and Inexpensive, Indeed
For companies, trying to keep compliant can be an expensive affair. REME will automatically help enforce the compliance of policies, flagging any expenses that fall outside acceptable limits (pun intended). That means fewer rejected claims and less back-and-forth with finance before it becomes a clear wasting of noncompliant expenses.
How REME Saves Your Money: Hold On, There’s More To It!
REME has even more tricks up her sleeve-delighting or taunting its erstwhile owners:
- Currency Conversion: Travelling for work? Let it be known that REME is a currency conversion genius that saves you mathematical gymnastics and errant conversions.
- Sort: REME sorts out your expenses so when you examine spending patterns, you will find areas ripe for a cut-back, ready to make expense reporting easier.
- The integration: REME is promiscuous; it easily marries with the other accounting and ERP systems, therefore making the entire expense.
The Bigger Perspective: Beyond Operating Expenses
While we’ve already touched on REME’s savings for individuals, it’s time to open up wide. In fact, implementation of a tool like REME may provide organisations with tremendous cost savings under the wider corporate umbrella. Reduced processing costs, greater compliance with policies, and better perspective on spending all serve towards a healthier bottom line.
According to a report by the Aberdeen Group, organisations that automate their expense management will see a processing cost that is generally up to 55% lower for each report. More common context on automated expense management can be read in this interesting article, well-shot, from the Society for Human Resource Management (SHRM).
Conclusion
A gold mine in this so-small world and every penny counts, finding REME in your WhatsApp, it’s not saving you money; it’s simplifying life, reducing stress, giving you more hours to do what is really important.
The next time you sit staring at a towering pile of receipts wondering how on earth you’ll ever sort through them all, take heart: REME has your back. Expenses management headaches are over and hello money in your pocket. Well, that’s what we all want, isn’t it?
Now I am going to expense this coffee, I’ve been sipping on while typing all this gibberish. Thanks to REME, it’ll take me all of 10 seconds. How’s that for saving time and money?
