Today, the coronavirus pandemic has posed several challenges for CFOs to handle their corporate travel and expense spending. Considering the importance of the situation, it is time for the CFOs to step out and reexamine the different expense management strategies in place in order to keep the business expenses in control and prevent fraudulent activities. They must invest in digital ...

Work from home has become the new normal amidst the Covid-19 outbreak. Many organizations are still hiring remote workers to boost flexibility, save overhead expenses, and foster creativity with global labor force. There are several benefits for managers and employees, but this will bring new challenges as well, such as various time zones, living costs, tax laws, and so much ...

Late reimbursements from the businesses are one of the critical reasons of annoyance for corporate travellers. Maybe the delays are not made intentionally, but the finance department and HR leaders should look at what is causing these reimbursements to get processed days and sometimes weeks after workers have submitted the expense report or receipt. So, how can you acquire quick ...

Today, some businesses are adopting a flexible and hybrid approach to working. Expense receipts for setting up home office are set be rivaled by claims for mileage and travel. The hybrid work model indicates that payroll and accounting teams are going to have a wide range of claims to contend with constantly. In reality, while comparing anonymously gathered expense data ...

Are you still entering receipts by hand and chasing managers for approvals? Suppose you are managing the expense reporting process manually. In that case, you are wasting time, missing out-of-policy claims, and not to mention the potential of fraud in the expense reporting process. Millennials don’t have the patience to enter the data and upload each receipt manually. With automated ...

COVID-19 pandemic has brought many changes and of all the changes, working remotely is one of the most significant changes today. Employee travel and entertainment expenses are set off due to this pandemic, but remote work has led to the emergence of new employee expenses today. Working remotely has increased the work-from-home expenses such as internet, electricity and so on. ...