Ask around any office and the expense report lands near the top of the list of tasks nobody wants to do. Employees put it off until the deadline. Managers approve reports they barely read. Finance spends the back half of every month chasing receipts and correcting codes. It is a
The manual process and legacy systems do not meet the needs of modern businesses. It is essential to track and record every expense to identify pitfalls, avoid unnecessary expenses, and cut down the costs. According to the Aberdeen Group, managing expense reports manually is costing $41.12, while an automated expense
Managing corporate travel expenses is the biggest headache for small-to-medium enterprises. New insights into expense reporting revealed that employees are feeling more pressurized for handling business expenses. Number of hours are being spent in managing expenses, which can be spent on important business activities that would result in improved work-life
In an age where one can book a trip across the world, corporate travel is accessible easily than ever before. Corporate travel is considered important in many companies, and the travel costs contribute around $1.3 trillion to the global economy in a year. Corporate travel will cost more when not
Corporate travel programs offer significant cost-saving opportunities and are considered a boon for many organizations. The success of your travel program relies on to what extent your employees leverage for corporate travel. Although financial factor is critical, businesses should not forget that customer experience is vital too. There are many
Managing expenses can be daunting and is not a favorite task for most to do. This is true for employees submitting them and for the administrative department reviewing them. It is a cumbersome and slow process from start to finish, which includes handling outdated solutions, sending multiple emails, and waiting
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