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 are getting smoothened, so you ...

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, as a result, a growing ...

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 minimize these expenses. Not streamlining ...

Corporate travel is one of the most difficult expense categories (after payroll) for organizations to manage. In addition to this, travel expense report fraud can be the gateway for many other problems. A well-executed travel expense audit helps you control expense report fraud and save money for your business. How to Implement the Travel Expense Audit A travel expense audit ...

Finance, supply chain, and procurement departments have to work together to tackle broader business challenges. Though each team has a unique function, spending decisions should be made quickly. Adapting and responding to changes in the business, eventually creating new business strategies, and tapping into a new and changing workforce is important. To develop a strategic approach for spend management, companies ...