Controlling corporate travel and expense costs requires you to have visibility into the data so the spending patterns can be easily analyzed and appropriate actions can be taken. Having more data makes it challenging to analyze the spending patterns and makes the data analysis complex. Reports help you to review and analyze the data, so you will have a clear ...

When it comes to spend management, there is no room for errors, and you can accurately forecast, and budget when you invest in expense software. This process requires every expense report to be submitted in a timely fashion, and every vendor invoice must be accounted for. Process inefficiencies exist when things are running manually. These inefficiencies will hurt your business ...

As an employer, one of the most repetitive and tedious tasks is to check expense claims and approve or challenge them. There are two methods to approach this. Here, are some ways on how you can turn your tricky expense management into a simple process. Leverage an Expense Management Solution By leveraging cloud and mobile technology, expense management software can ...

Today, many organizations are still stuck using a manual expense reporting system. Does your organization still follow the paper-based, tedious, or a homegrown solution with Excel spreadsheets and email routing rules? Such outdated and manual systems are prone to errors and can cost you high in terms of productivity and money. Here, we present the ways in which manual expense ...

Traditional expense reporting tools include tedious processing cycles, error-prone, and paper receipts. There has been considerable technological development over the past few years. Many tech-savvy employees have started demanding a technological overhaul in each aspect of the financial management process involving expense reporting and expense management. This growing technological landscape creates a huge demand for companies to rethink on their ...

Travel and expense management is one of the significant areas where businesses must tread a fine line between spending efficiently and cut back on expenses. This work usually falls to the finance team. They are entirely responsible for making the expense management process better, minimize mistakes and control expenses that can otherwise prove costly. Traditional expense management processes lead to ...