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Expense Management

What is Expense Management?

Expense management refers to the process of overseeing, controlling, and optimizing expenses incurred by individuals, businesses, or organizations. It involves the systematic management of all types of expenses, including operational costs, employee expenditures, travel expenses, and other business-related spending, to ensure efficiency, compliance, and cost-effectiveness.

Related terms

Customer Relationship Management (CRM)
CRM stands for Customer Relationship Management. A CRM software helps businesses track and analyze customer data and interactions.
Document Management
Document management refers to the process of organizing, storing, managing, and tracking documents and information within an organization in a systematic and efficient manner.
ERP
ERP stands for Enterprise Resource Planning. It's a type of software system that businesses use to manage and integrate essential parts of their operations. An ERP system functions as a central hub for data and processes, aiming to streamline information flow, improve efficiency, and provide a unified view of core business activities.
Expense Management
Expense management refers to the process of overseeing, controlling, and optimizing expenses incurred by individuals, businesses, or organizations.
Expenses App
An expenses app, also known as an expense management app or a spending tracker app, is a mobile application designed to help individuals or businesses track, manage, and control their expenses.
Extract, Transform, Load (ETL)
Extract, Transform, Load (ETL) is a fundamental process in financial data management. It refers to the steps involved in collecting financial data from various sources, preparing it for analysis, and storing it in a central location for easy access and reporting.