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8 Reasons Why You Have To Centralize Expense Reporting Process

8 Reasons Why You Have To Centralize Expense Reporting Process

Expense Management, Spend Management /

Automating your expense, travel, and invoice management processes will improve your bottom line. The key benefit to automating expense reporting processes is the ability to store all your data in a centralized location. Let’s see some reasons how your business can benefit from automation: Centralization Gives Complete Visibility and Control The ability to see and […]

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Expense Software To Combat Mileage Fraud

Expense Software To Combat Mileage Fraud

Expense Management, Spend Management /

Mileage fraud is one of the most common frauds happening in the industry. Whenever employees use personal vehicles for business purposes – mileage fraud happens. According to a global study, around 47% of business travelers commit mileage fraud by falsifying or exaggerating their mileage costs. Rounding up expense claims have become the most common form

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Automate Your Expense Reporting Automate Your Expense Reporting - SutiExpense

Automation Takes Expense Reporting Process a Step Further

Expense Management, Spend Management /

Business travel, expense, and invoice landscape has been experiencing a rapid change due to emerging technologies, increasing employee expectations, and globalization. Let’s take a look at the travel and expense trends that will shape businesses in the upcoming year. Paper-Based Expense Reports Have Gone Extinct As technologies become more integrated into the travel and expense

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Rethinking Your Expense Reporting Process for Better

Rethinking Your Expense Reporting Process for Better

Expense Management, Spend Management /

Employee initiated spending can happen in many ways. Therefore, it’s time to rethink your company’s strategy to thrive in today’s business environment. Automating your finance procedures is an important step and research shows that expense report automation is the key to business success. SMBs recognize the need to improve overall T & E processes to

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How Expense Automation Impacts Your Business?

How Expense Automation Impacts Your Business?

Expense Management, Spend Management /

Employee spend management is the most tedious process within company functions. But, the process is always being overlooked when it comes to updating and revolutionizing. Organizations fail to understand that effective expense management is the best way to reduce costs and ease the job of doing business. Employees are frustrated by manual expense management, and

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How Mobile Expense Management Benefits Your Business?

How Mobile Expense Management Benefits Your Business?

Expense Management, Spend Management /

Mobile applications are the real game changer that has transformed the way businesses control employee costs. Cloud technology complemented with smartphone applications is the real modern breakthrough. The advantage is the ability to convert paper receipts into a digital format through capturing from a smartphone. This process allows businesses to eliminate the need for paper-based

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The Need For Effective Corporate T & E Policy

The Need For Effective Corporate T & E Policy

Expense Management, Spend Management /

A well-defined expense policy can save resource time, while protecting against fraud and compliance breaches. An expense policy should outline how to handle business expenses, guide employees what can and cannot be claimed, and clearly state what happens if employees make out-of-policy expense claims. Not understanding expense policies is one concern that employees often face.

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Expenses Management Software

Transforming The Way Businesses Control Costs

Expense Management, Spend Management /

The lack of accurate information is just one barrier to effective expense management. Using traditional methods such as paper and spreadsheets to process reimbursement requests can be a hassle. Traditional methods make the system inefficient and makes the process more complicated than it needs to be.The finance department is liable to record the most basic

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Why Manual Expense Reporting Won’t Work in the Long Run?

Why Manual Expense Reporting Won’t Work in the Long Run?

Expense Management, Spend Management /

In this ever-changing business landscape, small businesses are facing significant challenges to thrive in this day and age. Every penny counts, and managing your penny is very important. If you are manually tracking business expenses, you are probably missing out on opportunities due to lack of visibility and inefficient processes. Visibility into Hidden Areas is

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Expense Reporting Process

The Impact Of A Bad Expense Reporting Process On Your Business

Expense Management, Spend Management /

No matter how big or small your company is, a bad expense reporting process will leave a negative impact on the company. Expenses are not just your office rent or wages, but the expenses that your employees make while creating business profit – business travel, lunches, or any sort of business related purchase. Managing all

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