Expense management is the most crucial aspect in an organization. With companies spending more of their revenue on travel and entertainment expenses, following the best spend management practices will help streamline major spend challenges. Let’s take a look at few strategies that can be implemented by organizations across the world: Travel Parameters Parameters you consider for travel and entertainment spend ...

Effective expense management starts with a good expense policy. The real challenge is to make all employees stick to the company norms. Thanks to expense report software for making it easy to ensure compliance. You can make your employees comply with the T & E policy by implementing business rules with your expense software. Setting Business Rules Business owners can ...

Invoice fraud is the most common type of fraud that takes place in the accounts payable department. The fraud generally happens when vendors issue duplicate invoices and when there is no proper matching system in place. To prevent fraud from happening, your accounts payable department has to match purchase order details with invoice as well as receipt details. Having the ...

In this millennial generation, it is very important for business travelers to stay hyper-connected while on a business trip. Millennials face a new set of challenges when it comes to travel management. Here are a few tips that help millennial travelers take the stress out of business travel. T & E Policy Awareness Educating employees regarding company travel and expense ...

Automation is ruling the accounts payable industry for years and this year, artificial intelligence and robotics will play a key role in AP. Artificial Intelligence (AI) The usage of artificial intelligence in accounts department may seem something like out of fiction, but that’s actually what going to happen in 2017. AI is nothing but implementing machine learning into the automated ...

Corporate travel and expense management is a mundane task for the finance team. Employees look for more swift and simple booking processes to suit their requirements. Organizations are also very keen about employer purchases and want to see where every penny is going. Majority of organizations are making decisions about company T & E spending without a complete view of ...