A voucher is an official document or piece of paper that can be exchanged for goods or services. Business vouchers can be of different types such as gift vouchers, expense reimbursement vouchers, and cash vouchers.
These crucial business tools hold a significant place in most companies, providing an array of benefits, including promoting products, attracting new customers, increasing customer loyalty, and facilitating financial management. But the fact is, managing vouchers can be a challenging task due to the risk of fraud, mismanagement, and the requirement for precise record-keeping, which can significantly impact a company's reputation and financial stability if not properly maintained.