The end of the year is just around the corner, businesses worry about the year-end reporting process. Finance departments will end up checking the stack of receipts for employee expenses. Following the best practices and automating the process will streamline the expense management process and increase visibility. Start With Good Expense Management Are you having a hard time accounting your ...

For businesses, the Accounts Payable (AP) department manages business data, transactions and records through a manual process. With difficulty in controlling processes and structures, data duplications, human errors and loss of documents could add up to more work for the AP department. This means that the accounts payable department experiences a variety of challenges that can be reflected while auditing, ...

For finance departments, there is nothing more frustrating than cross-verifying expenses, or looking for missing receipts. Unexpected expenses can result in unnecessary time spent in reconciling expense reports. Expense reporting issues can be avoided with improved visibility and effective expense management process. Handle Employee Expenses Re-evaluating expense process and talking to employees about the issues can help improve the process. ...

Meals, mileage, and other costs are what employees incur as part of their jobs during corporate travel. But, the reimbursement process is not as simple as you may think. If you are in the process of redefining your expense practices, here is a comprehensive list of things you have to consider when defining new rules for reimbursement process. Expense Policy ...

The expense report process is not only about expense reports; it includes things like defining compliance, travel policy, approval process, and much more. Following the best industry practices will not only make the employee experience better but also save time and money. There are many ways through which this can be done. Let’s take a look at some of these: ...

Today, accounts payable is not just responsible for making payments, in fact, they forecast cash flow, streamline payment processes, track supplier payments and manage different payment channels. The larger the company grows, the more responsibilities the accounts payable department has to handle. Automated accounts payable (AP) software will help you better deal with challenges AP managers face. Inefficient Invoice Processing ...