There is no joy in delaying expense reporting where managers have to keep asking employees for reports continuously for reimbursement. However, think about the long and tiresome process of reporting expenses on paper- writing down all the expenses, gathering those receipts, filing them properly, and finally submitting them to your manager. Few organizations all over […]
Expense Reports on Paper: Why You Should Stop Using Them Read More »
An organization will have around eight to nine thousand travel reports for reimbursement in a year. The biggest challenges of the expense reporting process is timely approval of reports and policy compliance. With the approvers and finance department spread across different business units, it is difficult to track all receipts and spreadsheets while controlling the
The Ultimate Benefits of Expense Report Software Read More »
The demands of corporate travelers are becoming more challenging day by day and for some travel managers, the travel costs are rising. There is also stiff competition from local travel agencies that provide a variety of attractive services online for consumers. So, the role of a travel manager is constantly changing and has become very
Major Challenges Faced by Travel Managers and How To Overcome Them Read More »
Controlling travel expenses of employees when costs are being incurred in overseas is one of the major challenges that managers are facing today. Diverse currencies and different legal systems add to the complexities of expense management. Expense fraud is another notable problem caused by insincere employees who take advantage of and do not utilize expense
Top 4 Ways To Manage Your Overseas Business Travel Expenses Read More »
Do you spend too much time reviewing and approving employee travel expenses? At times, travel and expense policies are too confusing, making it difficult for employees to claim expenses. Too many organizations have out-of-date policies and procedures that no longer work. This can result in duplicate expense claims, questionable expenses and fraud, not to mention
Corporate Travel Is Growing. Are Your Travel Expenses Compliant? Read More »
Today, there are numerous corporate payment methods available and selecting the right payment method for your unique enterprise can be a challenging task. Corporate credit cards have historically been the best choice for the business travelers as they are easy to use on the go, but alternative payment methods are also gaining popularity with technological
Leveraging The Best Suited Expense Payment Methods For Your Organization Read More »
Incorrect data is one of the major issues in expense management. With a manual spend reporting process, several rounds of amendments by the employee are often required before their expense claim can be processed in a compliant fashion. If incorrect information is captured, businesses have to face a compliance issue at the back-end of the
Achieve Better Compliance With Online Expense Reporting Read More »
Today, many organizations still use outdated slow manual systems for tracking expenses that can slowly turn into a monotonous task and result into an awful endless ordeal. But it’s best to move towards the latest technologies, rather than be stuck in past systems. Cloud-based expense management platforms are dominating the current market landscape. Service providers
Top 7 Engaging Trends Of Expense Management Systems For Businesses Read More »
Although, managing your employee expenses is time consuming, it plays a crucial role for your organization. When employees submit their expense reports, the manager needs to review, authenticate, and approve all expenses and process them as soon as possible. But organizations using paper-pen method or spreadsheets for expense management manually, include complex reporting and validation
Make Your Expense Reporting Painless And Easy With Automation Read More »
Many organizations still follow and maintain excel spreadsheets, paper receipts, and printed reports for managing business expenses, and as a result often encounter fraudulent activities and various inconsistencies adding to lots of hassle. Employees travel on business trips, conduct meetings with clients, and after returning, have to file their expenses and submit bills. For a
Why Automating The Expense Management Process Is Essential For Business Read More »
