Is admin work eating up your time?
Studies show that each expense report takes an average of 20 minutes to process, even if the company uses an established system. Aside from this, errors in how expense reports are filed and accomplished result in an even greater loss of time and resources.
Productivity is key to any business. Every minute spent on completing administrative tasks or redoing them equates to additional spending for the company. To achieve optimum productivity, businesses must assess what their employees are doing and how these activities can be improved or supported by the right tools and practices.
Manage employee expenses with Grab For Business
With the Grab For Business (GFB) Portal, businesses can do away with tedious tasks, such as filing expense reports, which can be time-consuming when making transactions on Grab. This feature improves the productivity of teams by allowing them to focus on meaningful work that contributes to the business.
Company administrators can add eligible employees to their Grab For Business account, allowing them to avail of Grab’s services within the company’s designed policies.
To add employees, company administrators can simply invite employees to connect their Grab account to the company’s Grab For Business profile and assign them to their respective teams or departments.
Once they’ve been added to the company profile, employees can easily switch from their personal accounts when making work-related bookings. From here, they will be able to select their company’s payment method of choice, easing the burden of making payments upfront, which would mean filing for a reimbursement claim from the company later on. As long as the transaction falls under the company’s set policies, both the employee and the administrator can save time on additional expense paperwork.
This removes unnecessary steps like filing for reimbursements, reviewing and approving expense or transaction claims, and creating expense reports, among others. Looking at the breakdown of such tasks from Spendesk, each step could take at least five to ten minutes to accomplish.
By utilizing the Grab For Business Portal for corporate transportation and meals, companies can dedicate time and money to more meaningful and productive tasks.
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