Keeping track of mileage, transportation, and accommodation business costs can be a full-time job for field adjusters, and if anything slips through the cracks, it's money out of their pockets come reimbursement or tax time.
That's why Virtual Management, a provider of voice-based services, thinks its verbal expense tracking system will be successful. Their service allows subscribers to call an 800 number and verbally log expenses immediately following a meeting or other tax-deductible event. Once the call is finished, an assistant puts all the expenses into a report to be used at a later date, something that could be useful if an adjuster is audited by the IRS.
Priced at $49.95 a month, though, the service does not come cheap. With the help of independent adjuster and Claims contributor Kevin Hromas, we surveyed several property/casualty claim adjusters and managers to see if they would consider it money well spent.
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