The gradual development of the e-commerce market has led the retail industry to stay on its toes and keep up with the competition. Brands and businesses are inventing new ways to stand out by generating value-added customer experiences- in store as well as online. Elementary features such as consistency, speed,

What are the trends in corporate travel and expense management? In the world of corporate travel, predictions get going for expense management. Here are a few predictions for the coming years that help you to gain insights into employee expectations with respect to corporate travel management: Mobility is Critical  Mobility

There is no joy in delaying expense reporting where managers have to keep asking employees for reports continuously for reimbursement. However, think about the long and tiresome process of reporting expenses on paper- writing down all the expenses, gathering those receipts, filing them properly, and finally submitting them to your

The demands of corporate travelers are becoming more challenging day by day and for some travel managers, the travel costs are rising. There is also stiff competition from local travel agencies that provide a variety of attractive services online for consumers. So, the role of a travel manager is constantly

Controlling travel expenses of employees when costs are being incurred in overseas is one of the major challenges that managers are facing today. Diverse currencies and different legal systems add to the complexities of expense management. Expense fraud is another notable problem caused by insincere employees who take advantage of

Do you spend too much time reviewing and approving employee travel expenses? At times, travel and expense policies are too confusing, making it difficult for employees to claim expenses. Too many organizations have out-of-date policies and procedures that no longer work. This can result in duplicate expense claims, questionable expenses

Many organizations still follow and maintain excel spreadsheets, paper receipts, and printed reports for managing business expenses, and as a result often encounter fraudulent activities and various inconsistencies adding to lots of hassle. Employees travel on business trips, conduct meetings with clients, and after returning, have to file their expenses

There are diverse teams working on expense, travel, and invoicing platforms. For instance, maybe a finance manager is reimbursing expenses to employees, the travel team is busy booking business trips for employees, and the accounts payable department is working on paying suppliers. This process can have a dreadful impact for

Ineffective travel and expense procedures leave your employees annoyed and cause a lack of visibility on where your money is exactly going. Error-prone spreadsheets and slow reimbursements are major frustrations when doing travel and expense management. Today, globalization, enterprise mobility, and international evolution are the root causes for a rise

With so many payment options available today, selecting the right method for your business can be challenging. While corporate credit cards are the only option for companies with corporate travelers (due to their ease of reconciliation), alternative payment methods are becoming increasingly popular. The Benefits of Corporate Cards Corporate cards

Millennials will make up more than half of the workforce by 2020. They expect quick results from the technology and expect solutions to work seamlessly with greater flexibility. Modern travel and expense report solutions should meet those demands. Millennials in the Workforce Millennials spend most of their time on their

Many organizations struggle to find the right balance between reducing costs and growing their business. For some, it seems like an impossible equation, for others it’s a great challenge. Businesses tend to overlook one very crucial aspect of their daily activities when thinking about cost savings – manual tasks, and

Corporate travel is usually one of the largest controllable expenses a company has. Controllable is the key word. Unlike rent or payroll, travel spend responds fast to changes in how it is managed, which means a company that gets serious about it can cut real money without cutting trips. Most

Managing employee spending is a big challenge for large enterprises. This is due to lack of data tracking tools that can throw useful insights into employee spending. Travel expense management process is data-centric. Data flows from different sources such as employee reimbursement, accounts department, vendor invoices and credit card statements.

Today, employee-initiated expenses go uncontrolled in most organizations. Not managing the expenses efficiently would result in making false decisions when it comes to expense management. Expense Report Automation Automation would allow even complex, multinational companies to automate their expense-reporting processes and enforce compliance, while reducing administrative costs and cutting down

The travel and Expense (T & E) industry is evolving because of digital transformation, and now even more so with artificial intelligence. What is going to be the next driving force that will move the travel and expense industry ahead in 2018? How the trends will affect the bottom line?

Technology is disrupting every industry and increasing user expectations. Employee experience is becoming critically important in business travel; reliable and easy-to-use solutions can help achieve the desired positive outcomes. The critical on-to-go solutions are travel, expense, and invoice management. Only a few companies are satisfied with their solutions within these

Are your employees frequent business travelers? Companies find corporate travel is a key part of business success. Meeting clients and prospects in person can generate more opportunities and build lasting relationships. Business travel can be costly, and when not done correctly it can impact your bottom-line savings. However, there are

In small and midsize businesses, dealing with expense fraud can be difficult for several reasons: First, the procedures for identifying and dealing with expense fraud are not well developed due to reliance on traditional bureaucratic and cumbersome solutions. Accounting managers don’t find the time with their day to day operations,

Corporate travel encompasses mixed emotions. In one way, it can generate revenue. And on the other, the challenge of the entire travel and expense process from filling expense reports, auditing, to reimbursement; it’s troublesome and a hassle. The key to making the process effective is to ensure that the expense

Technology has brought several changes in today’s enterprise. However, there are still some processes where businesses need to drive efficiency. Expense management is one such process that needs to be streamlined and made efficient. Travel and entertainment expenses share the greatest portion of the budget in organizations. This is set

Expense fraud is costing companies billions. Implementing business policies and expense management tools is the only solution that can help businesses counterbalance the increased costs. Most organizations take steps to curb financial losses, but employee-initiated expenses are often overlooked. Avoiding expense fraud starts with clear policies, and ensuring your employees

Corporate travel and expense policies help businesses avoid costly mistakes, ensure compliance, and prevent fraud. Relying on manual and outdated processes can be costly and makes the entire or deal even more difficult. Finance professionals are always looking for ways to cut costs and improve the bottom line. Often it

Filling and auditing expense reports is one of the many tasks required to keep a business running smoothly. Tracking receipts and getting every employee filed properly is not as simple as one may think. While managing expense reports is not easy, the increasing trend of automation is making a significant

Businesses need to invest in technology to drive efficiency in T & E invoice management. However, IT and finance department has unique priorities when it comes to travel and expense management. Say IT department focuses on usability and employee experience while finance department will focus more on spending reduction and