Organizations are not reaping significant benefits out of employee travel and expense (T &E) management. This is not because of lack of corporate policy, but due to lack of automated solution. Often employee expenses are administered for policy enforcement, which is costing companies real money. It is observed that if the policy is consistently applied […]
Driving T & E Expense Reporting Process With Automation Read More »
Controlling corporate travel expenses is meticulous yet crucial task. Having online expense report software is not just enough, you need to have some expense policies in place as guidelines for handling the expenses pertaining to employee travel. These policies will help your employees understand what expenses are reimbursable and what can be submitted as expense
Corporate T & E Policy Checklist for Your Organization Read More »
Today, most organizations are automating Accounts Payable (AP) processes to streamline their financial operations. I wonder what actually is AP automation – and is it really important for every company. Automating AP processes means approving and paying invoices to reduce paper costs and streamline invoice processes. When companies automate regular processes, they gain efficiencies, reduce
AP Automation to Keep Your Business Spending Under Control Read More »
The modern financial system is the foundation for organizational success. Technologies such as mobile and intelligent dashboards are being slowly integrated with enterprise resource planning (ERP) solutions. Let’s look at current phases for incorporating automated solution in AP systems and predictions about the industry. Standardization Organizations should standardize the processes with a single enterprise resource
Anticipating How AP Automation Looks Like in the Coming Years Read More »
Tracking corporate travel expenses is essential but managing the process effectively is time-consuming for any organization. Reviewing, validating, and approving expense reports can get delayed due to missed receipts and violation of corporate policies. With most organizations relying on spreadsheets for managing expenses, the manual process leads to complex validation and reporting. Automation makes expense
4 Reasons to Automate your Expense Reporting Process Read More »
Not managing money effectively can make or break your business. It is important to control costs and reduce spending in your payment processes. Not streamlining your accounting process would let the money fall through the cracks. Embracing spend management can help figure out areas where ineffective spending is happening and allows you to save time
3 Ways Spend Management Software Can Streamline Your Purchasing Process Read More »
In travel and expense reporting, accounting professionals mainly look for ways to reduce time on tasks, drive cost savings, improve compliance and other means to support business goals. Automated expense solution will help them work more efficiently and get things done in a more organized way. The following are three ways accountants can roll their
3 Ways to Improve your Business ROI Read More »
Why is Online Expense Report Software a Must-have for Growing Businesses? With few employees, it is easy to track spending but as your business scales up expenses also evolve continuously. As your company grows, the challenges grow along. Manual processes that work perfectly for startups will become impractical for large businesses. Without having the proper
Why is Online Expense Report Software a Must-have for Growing Businesses? Read More »
Keeping track of clients’ financial information is crucial for accountants. But, relying on them for information can be tedious. While tracking is key, keeping current clients is also important. Investing in technology will make your job easier while maintaining good relationships with clients. The following are a few ways you can build lasting relationships with
5 Good Reasons to have Cloud-based Expense Software Read More »
Change can be daunting, but it can bring a host of benefits in the long run. As technology evolves day-by-day, it is more important than ever to look for more streamlined ways to do business. Evaluating and refining business processes should be done continuously to make a company productive. Of all business processes, expense management
Do You Really Need to Automate Expense Reporting Process? Read More »
