The majority of employee spending that happens while on a business trip is easy to track, review, and approve in an expense report. Some cases such as taking clients for a dinner or purchasing some products required to get the job done – all these can be easily tracked with the help of receipts. If […]
Out of Pocket Expenses – To Consider or Not To Consider? Read More »
When it comes to direct spend, there are so many controls in procurement and accounts payable. The purchase of goods depends on the company, however, to run the day-to-day operations of the business, you have to effectively manage the indirect spend. Insights on indirect spend are lacking due to decentralization and lack of protocols, rules
The 3C Approach to Managing your Indirect Spend More Efficiently Read More »
Getting the best deals, booking the flights and stay – all of these come to your mind when you think of business travel. You have to look in a number of booking portals to get the best deals, save your itinerary details and then send them to your approver for review. This is a time-consuming
Travel and Expense Integration – How Does It Benefit You? Read More »
The expense approval process itself is a lengthy and time-consuming one; no employee would like to have any surprises in between that delay the process further. In fact, there are some scenarios that may delay the reimbursement process such as absence of your approver. This is one of the common scenarios that most employees experience;
Customize your Approval and Expense Report Submission Process in a Hassle-free Way Read More »
Finance teams face significant challenges while figuring out fraudulent expenses. As a lot of resources get involved, it has become easy to accept some kind of dishonest acts. That’s why most companies are switching from paper-based set-ups to expense management solutions. However, finance professionals have got a more powerful weapon to fight fraud – artificial
Could Artificial Intelligence Prevent Expense Fraud? Read More »
From SMEs to MNCs, every business incurs expenses and operational expenses are a part of everyday business. Knowing where to start to cut expenses is the key. Most companies allocate some portion of their annual budget to travel and entertainment expenses. As this is one of the biggest spend for businesses, it is worth watching
Reimbursements Made Simple with Expense Report Software Read More »
Majority of the times there will be errors in expense reports; they may be due to employees reporting in a rush or in ignorance. Most times they report transactions here and there or get the numbers wrong because of receipt loss. In a few cases, employees involve in malicious practices such as intentionally submitting fake
Corporate Credit Cards for Combating Expense Fraud Read More »
It might appear obvious, however without a carefully crafted wireless use policy, an organization stands minimal chance of gaining control over its mobile expenses. The spread of smart devices in an increasingly mobile workplace makes the necessity for a wireless usage policy all the more urgent. By instituting a carefully-crafted wireless use policy, companies can
Craft your Wireless Usage Policy Carefully to Gain Control Over Mobile Expenses Read More »
Wireless rate plan optimization refers to the analysis of each type of wireless service, including contract discounts. To get the best wireless rate plan optimization, a more profound analysis on wireless services including wireless rate plans & wireless pooling plans is required to compute discounts and estimate usages. To compare the wireless services that are
Importance of Rate Plan Analysis Read More »
Today, businesses are grouping different types of expenses under the T&E umbrella. To make expense management more strategic, its three pillars such as spend, procurement and invoicing have to be consolidated into a single function, aligning much in the way we have combined our various forms of communication with one tool – the smartphone. Each
Why Spend Management Platform? Read More »
