In any organization, expense reimbursement fraud can happen in a number of ways. So, which type of organization is most vulnerable and what are the best practices organizations can adopt to reduce the risk of fraudulent claims? Fraud can happen even in organizations with company wide expense reimbursement policies. If someone is not taking a hard look at reimbursements, instances ...

There is a startling difference between the amount of money spent by businesses using a manual process to the ones that use a fully automated expense report system. Here are a full set of reasons how expense report software will overlook the challenges of manual expense reporting system: Security With increasing volume of receipts, your team gets pressured to manually ...

Tracking supplier credit terms and paying invoices on time helps accounts payable department manage cash flow efficiently. But, this doesn’t work for travel and expense reimbursement. To provide better internal control and simplify the workflow, organizations should consider having an expense report software system. Facing The Consequences Inefficient travel and expense reporting process can affect reimbursement cycle time and would ...

Automating travel and expense management can reduce costs and improve productivity, but having an effective travel and expense (T & E) policy in place can help cut overage expense claims. Digitizing travel and expense reporting processes will not only make life easier for managers and employees but also enables organizations to take a deeper look at how employees are spending. ...

Mobile technology is rapidly evolving and it took no time to storm the business world. With globalization and quick business expansions, many companies prefer their employees to conduct business trips in order to understand real time business sceneries, meet clients in person, and more. Whenever an employee travels to a different country or a different city, the company must bear ...

Evaluating your current expense reporting system and scrutinizing the processes will help you determine whether the expense report software meets your business requirements. As your business evolves, it is more important to find more productive ways to run your business successfully. Refining business procedures should be done on a regular basis to make business more productive. Expense management is one ...