Whether a startup or a large enterprise, every penny counts in any kind of business. You must keep track of company expenses in order to control the finances and enhance profitability. Inaccurate data and miscalculated costs can have a negative effect on your business finances if not instantly resolved. If your organization is still managing […]
Top 3 Challenges of Manual Expense Management Processes Read More »
For many employees, corporate travel has become a significant part of life. Today, more than 45% of organizations have a labor force that travels at least one week per year. The rest 28% of companies noted that their staff travels at least four weeks every year. With so many business-sponsored trips taking place, managers and
Making Life Easier with Automated Expense Reporting Read More »
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 report would cost $7.17. Creating,
7 Features to Look for in Expense Management Software Read More »
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 balance. This is going to
Why is Expense Reporting a Hassle & How Automation Helps? Read More »
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 managed effectively; this article illustrates
How Has Corporate Travel Changed Over the Years? Read More »
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 factors to convince you why
Reasons Why Travel and Expense Departments Should Work Together Read More »
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 too long before getting reimbursed.
Do Your Employees Like Their Travel and Expense Management Solution Read More »
Effective management of accounts payable and business expenses is paramount for any college or university. These institutions waste significant time with manual processes, leading to a lack of visibility into spending data. The following are a few benefits of having fully automated travel, expense, and invoice processes. Eliminate Paper Invoice, travel, and expense management at
Benefits of Automating AP, Travel, and Expense Processes for Educational Institutions Read More »
When it comes to travel and expense reporting costs, you need visibility into data to spot trends and take appropriate actions. Analyzing vast and complex data without proper reports and analytics can prevent you from leveraging potential benefits. Reports can help you understand the correct data by allowing you to review and analyze without going
Analytics to Make Key Business Decisions in Travel and Expense Reporting Read More »
In this digital age, from booking a cab to ordering pizza everything is automated. Most of our day-to-day activities can be accomplished using a smartphone. So, why you are still spending hours collecting receipts during business trip – and then you wait for weeks, or sometimes months after submitting expenses to actually be reimbursed? Manual
Travel and Expense Reporting – SutiExpense Offers the Best Ways Read More »
