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How Online Business Intelligence Software can Benefit your Organization – Part Two

Expense Management, Spend Management /

As I showed in the last post, one of the biggest benefits of online business intelligence software is that it can help with the democratization of data and expertise. In this post, we’ll look at some more. Data-driven decisions: The English business magnate Richard Branson once said, “I rely far more on gut instinct than […]

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procurement software

Surmount Reimbursement Challenges with Expense Reimbursement Software

Expense Management, Spend Management /

When employees go on business-related trips, their organizations reimburse them on their return. In theory, this is simple – the employee travels, comes back, files an expense report, and gets reimbursed. But in practice, it is not quite so. The process of reimbursement faces several challenges, making it complicated. If the organization does not employ

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What Hercules’ Second Labor Teaches us about Procurement Fraud – Part One

Expense Management, Spend Management /

Before we get into procurement fraud and what we can learn about it from the second labor of Hercules, let’s take a look at the second labor itself. To atone for killing his wife and children, Hercules is sent to serve King Eurystheus for a period of twelve years by an oracle. The King sets

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How Expense Reimbursement Software Helps You Clear the Chaos

Expense Management, Spend Management /

Expense reimbursement is often a chaotic process in many organizations. With paper and paper work piling up on their desks and the pressure of deadlines growing, many finance executives won’t be able to give each expense report more than a cursory glance before releasing the payment. This introduces the risk of out of policy reports

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Protect Yourself from Invoice Fraud – Part One

Expense Management, Spend Management /

Anyone familiar with Jeffrey Archer’s short story, ‘Crime Pays’ from his 2000 book ‘To Cut a Long Story Short’ will know how easily and ingeniously the protagonist (antagonist?) Kenny Merchant perpetuates invoice fraud against some of the leading businesses in his country. Kenny’s fictitious and thoroughly enjoyable account (you’d be rooting for him, I promise)

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Making Salespeople More Productive — Part One

Expense Management, Spend Management /

Salespeople have one of the toughest and most challenging jobs in any company. With daunting targets and demanding bosses on one side and customer expectations, whims, and tantrums on the other side, salespeople have to find a way of balancing the two and delivering results that augment the bottom line. Salespeople’s lives are hardly mundane;

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CRM Software

Business Intelligence as a Source of Competitive Advantage

eSignature Platform, Expense Management, Spend Management /

In a post a couple of weeks ago, we told you how right business intelligence can drive the company’s critical decision making. Even though many organizations realize the value of informed decision making and actionable insights, many of them balk at the idea of deploying an analytics application at their workplace. Business Intelligence (BI), when aligned

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Best Practices in Expense Reimbursement

Expense Management, Spend Management /

Employee travel and expense, when managed efficiently, has the potential to save the organization hundreds of thousands, even millions of dollars. However, most organizations still use outdated traditional practices when managing travel bookings, expense reporting, or expense reimbursement which makes the process cost and labor intensive, error-prone, and cumbersome. In this post, we’ll look at

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