Expense management apps typically work by integrating with various financial systems and tools used by the business. Here is a general workflow:
1. Data Capture: Users can scan receipts, import email invoices, or manually enter expenses. 2. Categorization: The app automatically categorizes expenses based on predefined rules. 3. Approval Workflow: Some apps offer an approval process where managers can review and approve expenses. 4. Reporting: Generate various financial reports that provide insights into spending patterns and compliance. 5. Integration: Most apps integrate with accounting software and banking systems to provide a seamless experience.