Managing expense reports can be a time consuming and frustrating job. Your sales guys complain about the time it takes to get all their expenses entered into the system, and your accounting guys complain that they don’t have visibility of incurring expenses to prepare for the end of the month. To make it worse, the expense entries have to be routed throughout the company so they can be categorized and approved. Fortunately, customers that run Oracle Applications can load expenses from Visa or American Express automatically and immediately into Oracle’s iExpense product. Pre-populate your employee expense reports with their expense activity and allow you to route it for approval – saving time and money using information that is already available from your credit card provider.
(1) Gather Materials from Credit Card ProviderTo set up this capability, you’ll first need to contact your credit card provider to get two things:
- A sample file in an Oracle-certified format.
- Merchant Category Codes.