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Expense Management

Why it is Time to Upgrade Your Expense Policy

Alleviate Fraud and Handle Expenses Effectively with Automation

Expense Management, Featured, Spend Management /

Expense reports include expenditures incurred by a worker on behalf of the organization- whether during the daily course of work or towards corporate travel. Such expenses comprise of business supplies, hotel stays, meals, and travel like local transportation or flights. The traveler should provide proof of their receipt that goes into the expense report. After […]

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Cloud-based accounts payable solutions

How Your Accounts Payable Team Can Ensure Business Continuity

Expense Management, Featured, Spend Management /

Due to natural disasters, political issues, or the recent coronavirus pandemic- businesses that run processes that depend mainly on people are at risk of major disruptions. One such process operated in almost all organizations is Accounts Payable. It has been observed that above 65% of organizations have business continuity plans in place, while 80% claimed

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expense reimbursement

Expense Reimbursements: How It Is Hurting the Business Bottom Line

Expense Management, Spend Management /

  Expense reimbursements are common in this business world. They provide organizations with a degree of control over staff purchases as they can select whether to reimburse an expense instead of giving them business credit cards. It has been observed that 1.7 billion dollars are the amount that the United States workers lend their employers

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Key Steps to Improve Invoice Management

Automated Invoice Processing Solves the Problem of Late Payments

Expense Management, Spend Management /

Late payments have become a major problem for most organizations across the world. Failure to pay suppliers on time impacts vendor relations, which could lead to supply disruptions, and costs the organization money. Manual accounts payable processes are time-consuming and are error-prone. An automated system accelerates the process as well as ensures compliance with policies

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procurement software

Procurement in the Digital Age – How AI-Powered Systems Can Handle It

Expense Management, Spend Management /

Rapid growth in digital technologies is remaking business procurement and is poised to transform how the supply chain function delivers value. Mainly, when coming to a software solution for procurement management, the trend in the industry is that of AI-powered software. Advanced AI-powered procurement systems are enabling the future by providing access to previously unavailable

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Automated AP software solution

Six Best Practices to Get the Most Out of Your AP Software

Expense Management, Spend Management /

The way you manage your AP processes can have a significant impact on your organization’s cash flow, fame, and growth. To be effective, accounts payable must be accurate, competent, and cost-effective. Rather than just being a necessity, AP departments are taking a new approach and incorporating AP automation software to help future proof their accounts

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Expense Reporting Software

The Expense Reporting Landscape in 2020

Expense Management, Spend Management /

Expense reporting is the crucial aspect that has to be managed accurately and on time in every organization. However, this is one of the non-exciting activities for employees and managers, especially for organizations that run on legacy paper-based solutions. With the advent of technology, expense reporting is changing at a slow pace, and the processes

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Procure to Pay Solutions

Critical Steps CFOs Must Know in Procure-to-Pay Automation

Expense Management, Spend Management /

Before the pandemic, strategies focused on saving time and bringing down expenses. But now budgets, methods, and business models are being developed every week as finance teams scramble to keep the business afloat. To control spending, many leaders want transparency in all aspects of the finance process and recommendations based on trends and data. Hence,

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Corporate Travel & Expense Management

How Mobile Apps are Reshaping Business Travel Experience

Expense Management /

Smartphones and tablets have become an essential part of our everyday life. Whether we are at the workplace or home, mobile devices hold the key to a smoother, simpler, and more connected experience. The right mobile apps help organizations stay one step ahead and keep the workforce engaged and empowered. Business travel apps have become

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Expense Reporting Systems

Hidden Benefits of Expense Reporting Solution for Small Businesses

Expense Management, Spend Management /

Continuously evolving small businesses tend to face new challenges quite often. While a few challenges have straightforward solutions, the others may not especially those related to the company’s financial aspects. Staff expenses are the second biggest controllable cost heading in several organizations. Despite, many company owners tend to overlook the efficient ways to handle and

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