Most times employees may think about what comes and what not under a valid business expense. To overcome this confusion, some businesses have turned to prepaid credit cards to manage employee expenses much better. Though prepaid cards come with a lot of benefits, on the flip-side there are a few disadvantages. If you are planning […]
Expense Prepaid Cards- What are the pros and cons? Read More »
Although you would want to look at every expense carefully, sometimes you may miss out on a few of them. These expenses can be out of policy claims, resulting in a huge loss to the company when summed up. Accountants should review each expense report to make sure that the expenses claimed for reimbursement are
Tips on Reviewing Expense Reports Read More »
When you are spending money on business travel, it is important to know where your money is flowing. Keeping track of your money will help you know everything about cash flow and plan your spending. However, getting a handle on the right information is very important to make informed decisions. By automating expenses, you will
Spending Analytics for Data-driven Decisions Read More »
Sales people should focus on the sales pipeline and closing deals while the finance team should be concerned about accurate and timely accounting. However, lack of integration between these two systems will result in a few challenges such as: Re-entering the information in CRM Data inconsistency Invoicing errors Lack of efficiency in sharing data across
Integrating Finance System with CRM – Good or Bad? Read More »
Leveraging the power of natural language processing and machine learning is the trend in automating the expense reporting process. The concept is to create expense reports by understanding employee spending based on synchronized calendars, itineraries, and credit card transactions. Artificial intelligence works by flagging suspicious spend so that employers are not required to sort through
Redefining Expense Management Using Artificial Intelligence Read More »
Regardless of whether you operate an SME or a large enterprise, SutiExpense can be tailored to meet your needs through its customizable configuration. Our online expense report software features many built-in configurations that can best suit your business needs. The following are a few key features that make our solution robust and the best fit
Why SutiExpense is a Great Fit for Any Business Read More »
Not having a travel policy seems great for travelers but it may lead to huge inefficiencies in travel spend, which undoubtedly would result in corporate crackdown. Having no policy means your employees have no benchmark against spending. They can choose whichever vendors they like, and thus you can’t funnel spend against vendors. This will not
Why travel expense policy is critical for businesses Read More »
With the constant rise in enterprise mobility and its associated expenses, a wireless expense management solution is more than just a good idea – it’s a necessity for every organization which is encouraging business mobility. A well-designed software tool can make a huge difference to your wireless expense management program. An accurate inventory is important
SutiWEM-S: The Ideal Solution for Corporate WEM Read More »
Organizations that have digital receipt filing in automated expense management software can achieve greater efficiency over those that rely on paper receipts. Digital receipt filing offers significant benefits to enterprises such as: Reduce mailing costs: Elimination of paper receipts mailing covers the initial cost of the digital receipt system. As every receipt is stored digitally,
Simplifying Expense Management with Digital Receipt Filling Read More »
Manual invoicing will soon be replaced with cloud-based accounts payable software. Lot of companies believe that automation is a major step towards efficient financial management and slowly invoice automation is gaining traction. Automation will reduce accounts payable costs and optimize the invoicing process. According to a survey, companies that automate AP processes have increased their
Manage your Invoices like Never before with Accounts Payable Software Read More »
