Expense reports are a costly and time-consuming burden on businesses. A hypothetical company with 100 employees could spend $23,000 annually on expense reports, including software costs. Errors, fraud, and inefficiencies add hidden expenses, with fraud alone costing companies up to 5% of their annual revenue. Traditional manual reporting is slow and prone to mistakes, while digital solutions like Divvy automate the process, eliminating paper trails, reducing fraud, and providing real-time financial visibility. With Divvy’s automated system, businesses can simplify expense management and cut unnecessary costs.

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