Expense management is one of the organization’s crucial functions that require great mobile functionality. Expense management requires you to perform certain tasks while on the road such as capturing receipts, creating reports and so on. Therefore, mobile functionality can’t be ignored; in fact, it should be considered as an integral part of the expense management […]
Why Mobility is Critical for Expense Management Read More »
Financial managers are expected to have greater control and visibility over the entire procure-to-pay processes. As the P2P process is one complex business process, businesses need to take an integrated approach to free up working capital and create more agile finance operations. This can be achieved by making e-procurement and accounts payable work together from
Eliminate Silos Using Accounts Payable Software Read More »
Although AP is not the key focus of CFOs’ day-to-day activities, leveraging the power of AP automation can turn this department from a cost center to a revenue generator. However, CFOs should consider four things to realize the full value that accounts payable software brings to the business: Take advantage of early payment discounts Savvy
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Just as your employees fit in your company culture, your corporate T & E policy should be geared to fit the same. Having a well-written and clear expense policy makes it easy for employees to understand and prevents frustration, mistakes, and best of all, fraud. As corporate travel policy provides guidance, it has to take
Creating an Expense Policy that Fits your Company Culture Read More »
Technology has empowered people to engage with businesses in new ways. With advanced technical options, people expect the same level of capabilities from travel and expense solutions. Employee expectations about spending processes and systems are rising. Employee preferences have made businesses put greater emphasis on existing T & E processes and inefficiencies, considering the timelines
Why a Cloud Expense Management Solution is the Better Choice Read More »
Beyond just making sure your employees are spending business money the right way, the expense tracking software solution also helps you determine the usage of company money by providing essential tools for detecting employee fraud. Data matters When making decisions about the company money, every piece of information you get can help. If the data
The Expense Data Advantage to Business Decision Makers Read More »
In this digital era, the usage of smartphones is increasing day by day. Earlier travelers used to take piles of documents such as tickets, itineraries, and maps with them, but now mobile phone and passport are the only essentials for a business traveler. Innovation is making travel simple and more efficient. It’s easy to stay
How Mobile Technology is Changing the Business Travel Landscape Read More »
While an automated expense management system can ease life for business travelers, it can also do wonders for finance and accounting departments. Not every expense system has this capability, hence you need a platform that can integrate with the finance and accounting system. Finance and accounting features Finance and accounting team is responsible for paying
Expense Data Integration with Finance and Accounting Systems Read More »
To manage expenses effectively, businesses require a new wave of approaches that can handle the complex spend category. Besides having end-to-end an expense management system, organizations should align certain processes and adapt certain strategies to drive value out of expense management. Process management, knowledge management, and performance management are a few such viable considerations for
Benchmarks for Expense Management Success Read More »
It’s been around 50 years since spreadsheets were invented but they are still being used by many companies to track their employee expenses. Despite the emergence of cloud-based solutions, companies continue to work with spreadsheets. But, spreadsheets cannot offer the efficiency that automated expense software does. Here’s a look at some areas where spreadsheets are
Spreadsheets Vs. Expense Report Software Read More »
