While large enterprises have teams to look after their travel & expense management and invoice processing, small businesses lack the systems needed to stay on top of these matters. So, employees need to fill in an expense report, attach relevant receipts, and then forward it to the manager for approval. This process can take hours […]
Making Invoice and Expense Management Easier with Automation Read More »
Business expense management is perhaps one of the most cumbersome ongoing processes in any organization; however, enterprises can capitalize on expense data to maximize efficiency. With the right tools in place, enterprises can monitor costs and cut down areas where spending is more. Taking the right approach can overcome obstacles quickly and easily. Proper expense
Best Practices for Effective Expense Management Read More »
With each passing day, significant trends are evolving in the travel and expense industry. Here’re a few trends that are driving the T & E market today. Mobility and User Friendly Applications Mobility has become an important factor to consider when it comes to enterprise applications. On the other hand, user experience is also becoming
Key Factors Driving the T & E Market Read More »
To thrive in the global economy, companies need to have a strong idea of their cash flow. By understanding when and where money is flowing in a business, companies have to effectively manage spend, and minimize errors. Monitoring spend in real-time can be crucial to a company’s growth. As business grows, the accounts payable processes
Key Ways to Streamline Cash Flow Management Read More »
Small business owners don’t have a large team to work on back-office tasks. Also, they may not have funds available to outsource work to contractors. Fortunately, technology makes it easier to perform time-taking tasks quickly and affordably. If you want to scale up your business and give some more time for productive tasks, the following
Key Ways Technology Can Help Finance Professionals Read More »
In continuation of the Expense Management Best Practices post, we give you more information on how to simplify the expense reporting process. Clearly Document the Approval Process Most often, the approval process gets escalated because of the roles and authorities. Building the approval matrix becomes easy with the expense management solution as it allows you
Best Expense Management Practices- Part 2 Read More »
It is no secret that organizations find it hard to manage the expense reporting process. You have to facilitate the process of expense reporting while at the same time you need to have control over business expenditure. Accountability and transparency are the two things you have to consider while managing this process. Although mobile expense
Corporate Credit Cards: Eliminating the Turbulence in Expense Reporting Read More »
No matter whether you have a stringent T & E policy in place or good expense report software, it’s always better to look for other organizations’ practices and see what others are doing to manage employees ’ spending effectively. This helps you refine your expense management programs and incorporate best spend practices. Best expense management
Best Expense Management Practices – Part 1 Read More »
Organizations are leveraging technology in every part of their processes, so why should the accounts payable department continue working with outdated and time consuming activities all the time? And, why don’t you automate those old-fashioned practices and make the job of your AP department easy. You can transform your AP operations by automating these five
3 Mundane Tasks your AP Specialists Never Have to Do Again Read More »
Business travel might sound fun and interesting, but it is travelers who know the behind-the-scenes problems involved in booking a business trip. Booking the flights, arranging the schedules, collecting accommodation details, and storing receipts are a few hassles you have to get over in the way of enjoying a business trip. Not to mention, the
The Perks of Expense Software Integration with Travel Platform Read More »
