Spend management, which involves sourcing goods and services, setting contracts and paying suppliers, impacts every employee in the company. As employees have to buy things that they need to do their jobs, they interact with every part of the spend management process. To maintain efficiency and agility, the spend management process has to be fast […]
Proven Benchmarks for Better Spend Management Read More »
It is always important to know the company policy for expense management. In some cases, you use a company credit card, whereas, for some, you may have to use your personal credit card and submit the expenses for reimbursement. As each company has a unique T & E policy, you have some important things to
Business Transactions with a Personal Credit Card Read More »
Here are some new features of the latest version of SutiExpense that will enhance user experience in working with the application: OCR technology is used to read the receipt data and the read data can be edited if required. You can add transactions made from your personal card to your expense report. This enables
SutiExpense New Features Round Up Read More »
Whenever the finance team encounters a problem, they check through a number of forms and receipts to search fraudulent and exaggerated expenses that pose compliance risk. As this requires a lot of time and resources, many organizations simply accept minor errors and expense fraud. But, most of the problems are caused by reliance on traditional
How Compliance Transforms the Way We Manage Expenses Read More »
Although corporate card programs make corporate spend better and easy, they still leave a number of hassles for cardholders and administrators when you consider expense reporting. Companies that tied up with corporate card programs can now review, approve and pay corporate card expenses in a just a click away. However, the following are some risks
3 Major Issues of Corporate Credit Programs and How to Handle Them Read More »
It is obvious that automating expense procedures prevents expense fraud. The truth is that expense fraud is associated with other kinds of business fraud, which means it is evident that evading expense fraud can cut down business fraud. Apparently, fraud costs around 5% of business revenue. Around 15% of fraud cases are related to expense
Combating Business Fraud with Expense Report Software Read More »
Does your application allow you to submit expenses on behalf of others? If no, then you might consider choosing an expense report software that will. Today’s expense applications support delegate and alternate approvers, offering an easy way to manage the expense reporting process. The delegate feature allows you to capture receipts and your colleagues can
Delegate & Alternate Approvers Make your Expense Reporting Workflow Easy Read More »
Every year, you look at trends for how to manage business processes better. Accounts payable processes is one key functional area in business that still needs perfection. One technology that is helping business with accounts payable is the cloud. In 2016, most businesses have adopted cloud technology, making it easy to access financial data. So,
Agile Dashboards & Mobile Invoicing – 2017 trends for Accounts Payable Read More »
With cloud technology providing greater visibility into how and where travelers spend, companies have a better chance of negotiating contracts. And, with policies being incorporated into expense solutions and travel booking tools, much of the compliance can be achieved, thus allowing program managers to focus on strategic objectives. Unnecessary travel is one key area for
Three Ideal Ways to Cut Back Business Travel Expenses Read More »
While every business wants to automate back-office processes, the ultimate goal is to control invoice and spending processes. Automated accounts payable processes allow organizations to improve processes instead of depending on manual efforts. Automated accounts payable software not only controls the invoice routing process but also reduces processing times, decreases workload, and cuts down the
How AP Automation Benefits your Business Read More »
