Corporate travel is one of the most difficult expense categories (after payroll) for organizations to manage. In addition to this, travel expense report fraud can be the gateway for many other problems. A well-executed travel expense audit helps you control expense report fraud and save money for your business. How to Implement the Travel Expense […]
Travel Expense Audit: How to Manage It Efficiently Read More »
Finance, supply chain, and procurement departments have to work together to tackle broader business challenges. Though each team has a unique function, spending decisions should be made quickly. Adapting and responding to changes in the business, eventually creating new business strategies, and tapping into a new and changing workforce is important. To develop a strategic
Handling Difficulties in Expense Management with a Robust Spend Management Platform Read More »
Managing expenses manually can be a tedious process. When data is collected, it remains stagnant until there’s human intervention. Error-prone and clunky expense report forms, slow reimbursements, and confusing travel and expense policies are all key frustrations for your staff when it comes to expense management. Not only do your employees get annoyed, but also
Ways to Resolve Major Problems in Expense Management Read More »
Corporate travel and expense fraud is challenging for most companies, but automation can help make processes efficient and secure. Adding a few miles to expenses or getting a blank receipt from a taxi driver or claiming for travel that has not been made and more, are some of the common expense frauds. Employees are frustrated
How can Corporate Credit Card Help Eradicate Expense Reporting Fraud? Read More »
Employees spend billions of dollars on corporate travel expenses. Expense reimbursements give organizations control over employee spending by giving corporate cards with direct lines of credit to their bank account. Finally, the business ends up issuing reimbursements for extremely legitimate expenses after a lot of back-and-forth. This process creates confusion among employees who are not
Expense Reimbursement Challenges & How Expense Software Could Help Read More »
Managing spend is a long process of collecting, categorizing, and assessing data spend habits in order to cut down on procurement costs, improve efficiency, monitor workflows, plus regulate compliance. The procurement cycle also involves various other activities such as requisition processing, inventory management, and sourcing. Every organization, regardless of size or type, spends lots of
Effective Spend Management Starts with Procurement Software Read More »
Business travelers frequently complain about always filing their travel and expense claims either on Excel sheets or utilizing their manager’s old and clunky solution. This process can be time-consuming, which makes it easy to put off, which ultimately delays the reimbursement process. Finance departments are also tired of having to process thousands of expense claims
What Organizations Should Look for in an Automated T&E Management Solution Read More »
As we move closer to the year ending, it’s natural to start considering new objectives for the year ahead. Whether they are business goals or personal, we all struggle to make better decisions in the New Year. However, while we are looking forward, many times, we forget to look back and reflect on our performance
Did You Achieve Your Expense Goals This Year? Read More »
Enterprises can enhance their productivity and profitability with effective procurement processes. With strategic outsourcing, continuous improvement, and smart spending management, the procurement department can help the procurement process be a strong value center that supports company growth. But, managing every function of procurement with the traditional methods can be tedious and costly. Fortunately, advanced procurement
How Procurement Software Helps Your Business Enhance Productivity? Read More »
In today’s technologically driven digital world, most enterprises are investing in expense management solutions to automate their business processes and enhance overall productivity. With an average of $1.3 trillion spent solely on corporate travel expenses worldwide last year, organizations are trying to gain full control over their expense budgets. The software streamlines tedious and time-consuming
5-Steps for Successful Implementation of Expense Management Software Read More »
