For a while, a spreadsheet and a shared folder are enough. A handful of people submit expenses, someone in finance keys them in, and the whole thing fits in a corner of the month. Then the company grows, and at some point that setup quietly stops working. Most growing businesses
Controlling your business travel spending is a challenge for any business. With SutiExpense, you can control and minimize travel spending before it occurs. SutiExpense pre-trip authorization feature allows you to have a detailed insight on the employees’ business travel plan. You can know how much an employee is going to
In businesses, automated solutions are considered to help increase accountability, streamline workflow and make things easier for employees. When deciding on the right solutions, internal processes can help the business run smoothly, but many businesses fail to select the right solutions resulting in more inefficiency. Process Inefficiency Costs Inefficient processes
Here is the manual expense reporting process at most companies. An employee gets back from a trip with a pocket full of receipts. Days or weeks later, they type each one into a spreadsheet, guess at the expense categories, and email it to their manager. The manager skims it and
Whether it is for clients call or sales meeting, employees have to submit expenses for reimbursement at some time. Filing expense reports is dreadful, and managing financial reporting is even more cumbersome. With costs rising up, it is imperative for businesses to streamline the expense report process and make it
For organizations, controlling supplier costs is critical for financial stability. No matter whether it is a manufacturing company that wants to reduce the cost of production or a service organization that wants to get the best deals for office supplies and travel, effective invoice management is a must for any
For employees with bad spending habits, effective management, and tracking tools could be the answer. Tracking employees’ spending is the only way for businesses to curb bad spending habits. To cut down costs, businesses should make sure employees don’t overspend. Identifying employees with spendthrift tendencies and allowing them to manage
When businesses think of saving money, they look for ways to cut back expenses. Cutting down on supplies, and reducing the amount spent on each department are some of the ways to save money. However, cutting back is not always the solution. When you take the accounts payable department, cutting
Tracking travel and entertainment (T & E) expenses are not only essential but also critical for any business. Businesses waste a lot of money when they have ineffective processes in place. We will provide you with a quick overview of how automated solutions simplify the process of tracking expenses by
Managing business spend usually gets treated as a synonym for cutting it. The two are not the same. Cutting spend is a one-time event that everyone resents. Managing spend is an ongoing practice that keeps money going where it should and out of where it should not, without anyone having
When it comes to expense reporting, you have to think about what non-compliance can cost you. With hundreds and thousands of employees, it becomes difficult for business owners to make employees always comply with spending policies. Also, with policies not being stringent enough, achieving compliance becomes a nightmare for business
Struggling to keep an eye on business transactions? Are you losing control over employee expenses? Not anymore. SutiExpense makes transaction management easier with credit card integration that pulls your employee transactions altogether. Managing employee transactions can be a hassle as it is difficult to check all transactions yourself. But, this
Right from invoice capture to approvals, accounts payable department has become a strategic partner in any organization. While accounts payable department has undergone a series of transformation through automation, it should find another level of simplicity through integration. Here, we explain to you how automation can amplify the results while
When switching from paper-based system to web-based expense management system, you need to take a few factors into consideration.While switching you have to understand what to expect in terms of features, implementation, support services, global capabilities, and scalability. Perhaps, the actual benefit a company realizes by switching systems goes beyond
Digitizing T & E gives better visibility into spending, which means improving employee satisfaction by making informed decisions and faster reimbursements. Ultimately, this would expedite the expense reporting process and reduces risk while enhancing compliance with corporate travel & spending policies. Achieving this can be a challenge when employees are
Every business owner knows how AP automation can help streamline business processes and save time & money. But, did you know automation can also help with the procedures associated with invoice processing? Invoice automation can help generate traceable purchase orders that AP automation will match with incoming invoices. Payment automation
When it comes to business expense reporting, employees care about how fast the process is rather than how stressful it is. Which is why we have made one of the slowest processes faster i.e., reimbursements, by introducing online reimbursements via ACH payment gateway in SutiExpense. Reimbursements for employee expense reports
Today, there is no definitive way for an employee to work. Just look around, someone’s working on a laptop or tablet. You can see people doing business in every direction with smart devices. Thanks to technology it is easier to get things done than ever before. From SMEs to large
Although many enterprises are gradually switching from spreadsheets to online expense report software, still some organizations are relying on manual processes for expense management. The reasons for this are many – maybe they think switching is too expensive, working with spreadsheets is easier or the size of their company is
For decades, businesses have been working with paper. Whether it is with bookkeeping or expense management, people are tired of working with spreadsheets, double-checking and correcting errors. With the advent of smartphones, people have started using these devices like never before, noticing a radical shift in their work mode –
As companies work to cut down costs and ensure every penny spent of their travel budget is well accounted for, they are emphasizing more on visibility and greater control over their travel expenditure. Increasingly, companies are looking for a centralized platform that offers seamless integration between travel booking and expense
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
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
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
While large enterprises have teams to look after their travel & expense management, AP 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
With each passing day, significant trends are evolving in the travel and expense industry. Here’re a few trends that are driving the T & E market today. Mobility and User Friendly Applications Mobility has become an important factor to consider when it comes to enterprise applications. On the other hand,
To thrive in the global economy, companies need to have a strong idea of their cash flow. By understanding when and where money is flowing in a business, companies have to effectively manage spend, and minimize errors. Monitoring spend in real-time can be crucial to a company’s growth. As business
Small business owners don’t have a large team to work on back-office tasks. Also, they may not have funds available to outsource work to contractors. Fortunately, technology makes it easier to perform time-taking tasks quickly and affordably. If you want to scale up your business and give some more time
In continuation of the Expense Management Best Practices post, we give you more information on how to simplify the expense reporting process. Clearly Document the Approval Process Most often, the approval process gets escalated because of the roles and authorities. Building the approval matrix becomes easy with the expense management
It is no secret that organizations find it hard to manage the expense reporting process. You have to facilitate the process of expense reporting while at the same time you need to have control over business expenditure. Accountability and transparency are the two things you have to consider while managing
