Expense management is a foremost priority if an organization is aiming to manage their costs better by analyzing various expenses incurred by employees. By expense management, we mean tracking hard copy receipts, preparing expense reports, looking for policy checks and then assimilating the data and gaining insights from it. But doing this task manually can […]
How Artificial Intelligence Can Transform Expense Management Read More »
There are diverse teams working on expense, travel, and invoicing platforms. For instance, maybe a finance manager is reimbursing expenses to employees, the travel team is busy booking business trips for employees, and the accounts payable department is working on paying suppliers. This process can have a dreadful impact for the finance function, because you
4 Reasons How Integrating Travel, Invoice, and Expense Solutions Can Bring Success Read More »
An expense management process for employees can be challenging, tedious, and time-consuming, especially for individuals who are out of the office. Employees have a natural tendency to maximize their personal profit. It turns out to be a repeatedly tempting proposition, especially when done at the expense of others. Chastising employees constantly over their uneducated use
Top 8 Ways To Control Corporate Travel Expenses Read More »
Analytics related to business trends and numbers enable you to make relevant decisions and foresee future business scenarios. With today’s technology, businesses need to deal with a huge volume of analytics. Previously, it consumed a lot of time to compile, analyze, and clean data whereas now, it can be collected in real-time. Organizations that use
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Ineffective travel and expense procedures leave your employees annoyed and cause a lack of visibility on where your money is exactly going. Error-prone spreadsheets and slow reimbursements are major frustrations when doing travel and expense management. Today, globalization, enterprise mobility, and international evolution are the root causes for a rise in travel expenses for a
Top 7 Expense Management Challenges For Business Travel Read More »
The expense management process presents a lot of challenges to businesses. Many organizations process business T&E reporting manually, and as a result, face many challenges in efficiency and control. An advanced expense management system helps overcome challenges, but software selection can be a game of give and take when it comes to capabilities. Here, we
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The key benefit of implementing expense report software is to create business rules to streamline the process of expense entry and approval. Business rules incorporate corporate policies into the expense system, so different employees have different criteria and thresholds set for entering expenses. Configuring thresholds into the system makes it easy for employees to make
How Business Rules Makes Expense Reporting Easy? Read More »
With so many payment options available today, selecting the right method for your business can be challenging. While corporate credit cards are the only option for companies with corporate travelers (due to their ease of reconciliation), alternative payment methods are becoming increasingly popular. The Benefits of Corporate Cards Corporate cards can easily consolidate statements and
Choosing The Right Expense Payment Method: Things You Need to Know Read More »
Millennials will make up more than half of the workforce by 2020. They expect quick results from the technology and expect solutions to work seamlessly with greater flexibility. Modern travel and expense report solutions should meet those demands. Millennials in the Workforce Millennials spend most of their time on their smartphone everyday. Almost everything is
How Travel And Expense Software Should Look Like For Millennials? Read More »
In today’s technologically driven age, does your organization still believe in business travel? Does it really play a pivotal role to running a successful business? Before exploring the answers for the above questions, there are several people in this world who question the importance of business travel in this technology driven digital age. They view
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