Reporting travel expenses has always been a most hectic task for employees. Currency conversion is a big headache for travelers as the values tend to fluctuate from one day to another. So, how do you manage currency conversion? Is doing everything in foreign currency and converting it based on daily
Visibility plays a key role in expense management. If you can’t see what’s going on with business expenses, you cannot manage them effectively. Visibility has always been one of the key challenges businesses have faced when trying to control employee-based expenses. Trying to pull out any information other than the
It’s a known fact that tracking all your expenses, including the small expenses gives you a better idea of how you are managing your money. But, does tracking small expenses really help you? Yes, it does. The following are a few reasons why you should track small business expenses. Tracking
Corporate credit cards have become a good option for companies to combat expense fraud. Most companies use corporate cards to verify and validate business spend. As giving a card to each employee is expensive, SMEs are looking for cost-effective ways to manage employee spending. Probably, ghost card can replace corporate
Spend management, which involves sourcing goods and services, setting contracts and paying suppliers, impacts every employee in the company. As employees have to buy things that they need to do their jobs, they interact with every part of the spend management process. To maintain efficiency and agility, the spend management
It is always important to know the company policy for expense management. In some cases, you use a company credit card, whereas, for some, you may have to use your personal credit card and submit the expenses for reimbursement. As each company has a unique T & E policy, you
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