Travel expense management is crucial in every business; doing it the right way can really enhance the workflow. There are various strategies that can help you manage your T&E processes effectively. Some of them are as follows: Plan reimbursement strategy There are 3 ways companies pay their employees, they are: Per Diem This is the common allowance that every company ...

Business expenses matter greatly, right? Business owners realize this and agonize over every penny being spent. However, as the business grows in size, you will no longer be able to watch every dollar. The following are a few tips that help your company control costs as your business expands: Purchase consolidation & price negotiation Validating your purchases and negotiating better ...

Knowing deductable and non-deductable expenses is very important for every business traveler. You should keep a handy checklist of which travel expenses are reimbursable to speed up your reimbursement process. We’ve provided quick information on deductable travel expenses across all categories. Car/Truck Costs incurred for operating and maintaining your car/truck are deductable by the standard IRS mileage allowance. Also, you ...

Most business travelers are using corporate credit cards for business transactions today. By using credit cards, business travel expenses can be quickly and easily managed. Apart from this, credit cards ensure secure transactions and give credibility to business transactions. Also, the usage of credit cards will ensure T&E policy compliance and takes expense management to the next level. Automated credit ...

A business trip should be exciting and purposeful, but that is not going to be that way as there are rules about how much you should be spending on your business trip. And, at the same time companies expect a good return on the investment, which is why every expense has to be itemized as a line item in the ...

Cutting costs and increasing productivity can be achieved by fully digitizing travel and expense management. Besides making life easy, data gathered from the digitized solution lets organizations take a deep look at how and why employees spend business money. Expense report software is often used as a basic transaction engine; instead it should be used to see system reports. These ...