Evidently, employee-initiated expenses turned out as the second largest controllable cost after payroll in many enterprises. Managing those costs actively but wisely is very important as the risks associated with failing to do so would result in economic turn-down. Getting maximum value for the money you spend is the key to business success. Corporate travel involves hundreds of vendors and ...

Business travel is undergoing a series of transformation these days and today’s travelers expect great user experience and would like to work with more interoperable solutions. Solutions that feature simple image capture and process automation are not one-size-fit for organizations’ today. The expense report software solution you choose should make travelers’ life easy while streamlining finance team operations. Here are ...

Today, technology and mobile together have become an integral part of our life, especially for business travelers. Many organizations are embracing the BYOD “bring your own device” trend. Nowadays, organizations do implement expense and reimbursement policies that allow employees to use personal devices, instead of relying only on company-issued smartphones or other devices. A recent BTN’s Mobile Migration Survey revealed ...

It’s a known fact that automated solutions give businesses a significant boost – especially for those that hold multiple branches worldwide. Mobile and cloud-based technologies have much to do with accounts payable. As companies grow, they need smarter and faster accounting services. The following are some key considerations that help succeed your business: Invest less time on admin activities Admin ...

While large enterprises have teams to look after their travel & expense management and invoice processing, small businesses lack the systems needed to stay on top of these matters. So, employees need to fill in an expense report, attach relevant receipts, and then forward it to the manager for approval. This process can take hours and if there is any ...

Business expense management is perhaps one of the most cumbersome ongoing processes in any organization; however, enterprises can capitalize on expense data to maximize efficiency. With the right tools in place, enterprises can monitor costs and cut down areas where spending is more. Taking the right approach can overcome obstacles quickly and easily. Proper expense management strategy gives enterprises the ...