Technology has brought several changes in today’s enterprise. However, there are still some processes where businesses need to drive efficiency. Expense management is one such process that needs to be streamlined and made efficient. Travel and entertainment expenses share the greatest portion of the budget in organizations. This is set to increase in the coming years. Key factors contributing to ...

Expense fraud is costing companies billions. Implementing business policies and expense management tools is the only solution that can help businesses counterbalance the increased costs. Most organizations take steps to curb financial losses, but employee-initiated expenses are often overlooked. Avoiding expense fraud starts with clear policies, and ensuring your employees have understood makes all the difference. Lack of communicating expense ...

Corporate travel and expense policies help businesses avoid costly mistakes, ensure compliance, and prevent fraud. Relying on manual and outdated processes can be costly and makes the entire or deal even more difficult. Finance professionals are always looking for ways to cut costs and improve the bottom line. Often it is difficult to control the process, but automation can be ...

Filling and auditing expense reports is one of the many tasks required to keep a business running smoothly. Tracking receipts and getting every employee filed properly is not as simple as one may think. While managing expense reports is not easy, the increasing trend of automation is making a significant impact. With advances in automation and artificial intelligence, companies have ...

In business, every dollar counts. Many organizations struggle to organize expenses, and expense reporting software can turn out to be a vital tool in saving valuable time and money while balancing operational spending. Here is a list of essential features that organizations must acquire to optimize their expense reporting process: Mobility Featuring mobile capabilities such as smartphone apps gives employees ...

If you are facing challenges with expense, travel and invoice management, you have to look for automating the current processes tools. Outdated technology is the key reason for inefficient expense, travel and invoice management. Manual processes make the procedures clunky, time-consuming, vulnerable to human error and lack the visibility into spending. Data inaccuracies can result in auditing headaches, additional manual ...