Effective functioning of the accounts payable department is critical for any organization. Comparing existing AP processes, performance metrics, pain points, and strategic objectives with other companies can help you set benchmarks. The AP department faces challenges while processing invoices due to the following reasons: Overhead costs and turnaround times to
While most businesses switch to digitized and automated solutions, a number of myths and misconceptions exist with the expense management solution. It’s been a long while when businesses use paper and spreadsheets to manage their business expenses. Here we talk about the myths and misconceptions of online expense software and
You need not to be an expert to understand that hotel and airfare prices change dramatically every now and then. The price you paid today may not be the same when you see it tomorrow. Sometimes you will be surprised by knowing the importance of price fluctuations. Are your employees
The usage of mobile device to book travel is on rise, which means it is getting more difficult for finance managers to ensure compliance and manage spending. With digital disruption taking giant leaps, it has become very important for financial managers to implement T&E solutions that simplify processes and gain
The demand for wireless devices used in the corporate environment is increasing rapidly, and businesses need to monitor and manage their wireless spends more carefully than ever. In this blog, we present a few tips that help you cut mobile spends with a robust wireless expense management solution. Eliminate unnecessary
Today, most businesses use credit or debit cards to pay expenses. As credit card offers numerous advantages over other modes of payments, every business is considering the card system for expense transactions. Credit card can be used for all major expenses such as travel and entertainment. However, while reporting expenses
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