Effective supplier management is one of the bedrocks of an efficient supply chain. Every organization, regardless of the service or product it offers, has to procure raw materials from its suppliers who could number from one to, in the cases of manufacturing or pharmaceutical companies, several hundreds or thousands. Supplier management entails a lot more […]
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It’s an age-old practice that will never go away. Salespeople have to travel and their company has to reimburse them. This reimbursement is largely based on the expense reports that the employees submit and the receipts they attach to validate their expenses. In some cases, employees may unintentionally send duplicate reports, or duplicate receipts, or
Are You Inspecting Your Employees’ Expense Reports Carefully? Read More »
Online expense report software speeds up the expense approval, reporting, and reimbursement processes of a company. By reducing work that is not a core business activity and by saving time, it invariably increases the productivity of the organization. Composing a manual expense report requires lot of time and it is a tedious task. Every month
Employees need to travel on business, and more importantly, they have to collect receipts for the expenses they have made in order to create an expense report and claim their expenses. Say you have been sent on a business trip. If you forget any of the receipts, you might end up bearing those expenses from
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Any organization needs to purchase raw material in the form of goods or services to run their business operations. Generally, there is no shortage of suppliers in the market and organizations look to procure their supplies from the supplier who can offer them the best terms in terms of price or delivery. So, how does
How Reverse Auction Helps Organizations Choose the Best Supplier Read More »
A cloud-based solution to manage business expenses is less time-consuming than manual expense report processing. It eliminates the need for collecting, storing, submitting, and tracking cumbersome paper expense reports and receipts. Online expense report software is an online expense management portal where all these processes are automated. It helps you manage the entire expense report
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The ‘lean’ approach, through which organizations identify and eliminate those activities that do not add value to the process from their customers’ perspective and hence dubbed ‘waste,’ is getting more and more takers as organizations have realized the benefits it has and the improvement in productivity it can bring. Lean does not just apply to
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Expense reporting can involve a lot of fraud caused by employees and it is the duty of the employers to keep an eye on each reimbursement to eliminate fraud which is harmful for an organization. However, it is not always an easy task to eliminate fraud but one can take steps to prevent it. Any
How Can You Prevent Expense Reimbursement Fraud? Read More »
Business travel is a necessity for any organization; employees have to travel on different official purposes and they end up creating a large number of expense reports each calendar year. Every business trip has different types of costs involved: meals, rental car, lodging, and miscellaneous expenses. All the receipts supporting the expenses need to be
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Missing payments from clients is never fun but it somehow seems to find a reason to happen, sometimes because of your own doing. Maybe you didn’t have time to follow up with your client or forgot to send the invoice in time. Or maybe you forgot about the invoice for the next installment of the
No More Missing Payments! Read More »
