Expense submission is a tedious and inefficient task for both employees and finance departments. Business owners should evaluate how travel and expense (T & E) solutions improve the user experience and add business value to the organization. Here, we list out the significant trends that businesses should consider when evaluating vendors: SaaS Solution Most travel […]
What to Look for in Modern Expense Management Solutions? Read More »
For organizations, controlling supplier costs is critical for financial stability. No matter whether it is a manufacturing company that wants to reduce the cost of production or a service organization that wants to get the best deals for office supplies and travel, effective invoice management is a must for any corporate department. One area that
Fixing the Broken Invoice Management Process Read More »
For employees with bad spending habits, effective management, and tracking tools could be the answer. Tracking employees’ spending is the only way for businesses to curb bad spending habits. To cut down costs, businesses should make sure employees don’t overspend. Identifying employees with spendthrift tendencies and allowing them to manage their expenses effectively is the
4 Strategies to Slash Employee Overspending Read More »
Determining whether your company is outgrowing travel and entertainment (T & E) expenses requires you to spot risks while managing your business. As the organization grows, you will be experiencing increased stress in managing internal processes and fault-lines can develop gradually. Expense management is one such susceptible area that starts simply as an administrative task
Is your Business Outgrowing T & E Expenses? Read More »
Expense reporting in the cloud is quickly picking up pace across all industries. Automating financial processes is the key to achieving efficiency in an organization. Let’s see how cloud-based expense reporting can help achieve transparency, accountability, and efficiency while providing insights into upcoming costs. Increased Accountability and Transparency Good expense report management starts with transparency.
Reasons Why Cloud-based Expense Reporting is a Must for Businesses: Part – 1 Read More »
When businesses think of saving money, they look for ways to cut back expenses. Cutting down on supplies, and reducing the amount spent on each department are some of the ways to save money. However, cutting back is not always the solution. When you take the accounts payable department, cutting back the number of employees
Automation to Cut Costs and Benefits Business Bottom Line Read More »
For any business, the need for expense solution can go beyond travel & entertainment expense management to everyday expenses. Managing T & E expenses can have a significant impact on business when an audit is carried out. SMEs Vs. Large Organization Expense Needs The expense management needs of small and mid-sized businesses are different to
Expense Software for Managing Expenses in SMEs Read More »
Running out of time preparing your expense reports? Well, manual reporting processes can take hours. Employees have to sit all day long digging through receipts and manually inputting expenditures. At the same time, the finance department has to spend time reviewing and reconciling expense reports. Any discrepancy or loss of receipt can take hours back-and-forth
Don’t Get Blown Away by Paper-based Expense Reporting Process Read More »
Tracking travel and entertainment (T & E) expenses are not only essential but also critical for any business. Businesses waste a lot of money when they have ineffective processes in place. We will provide you with a quick overview of how automated solutions simplify the process of tracking expenses by virtually eliminating mistakes and streamlining
4 Key Benefits of Expense Management Software Read More »
With ever changing regulations and business policies, it is difficult for organizations to stay on top of T& E compliance. Continuous monitoring and strictly enforcing compliance requires you to outline the right policies and follow the best T & E practices while assuring the greatest visibility: Here are a few tips that help you stay
Best Practices to Achieve T & E Compliance Read More »
