Expense reporting is the crucial aspect that has to be managed accurately and on time in every organization. However, this is one of the non-exciting activities for employees and managers, especially for organizations that run on legacy paper-based solutions. With the advent of technology, expense reporting is changing at a slow pace, and the processes […]
The Expense Reporting Landscape in 2020 Read More »
Before the pandemic, strategies focused on saving time and bringing down expenses. But now budgets, methods, and business models are being developed every week as finance teams scramble to keep the business afloat. To control spending, many leaders want transparency in all aspects of the finance process and recommendations based on trends and data. Hence,
Critical Steps CFOs Must Know in Procure-to-Pay Automation Read More »
Smartphones and tablets have become an essential part of our everyday life. Whether we are at the workplace or home, mobile devices hold the key to a smoother, simpler, and more connected experience. The right mobile apps help organizations stay one step ahead and keep the workforce engaged and empowered. Business travel apps have become
How Mobile Apps are Reshaping Business Travel Experience Read More »
As its the high time for businesses – due to COVID 19 pandemic, processes that depend on people versus automation disrupts businesses significantly. Organizations experience a sudden transformation in operations while back-office processes such as human resources and accounts payable must quickly adapt to the change. Research shows that around 85% of businesses reported that
How Accounts Payable Software Ensure Business Continuity in COVID-19? Read More »
Continuously evolving small businesses tend to face new challenges quite often. While a few challenges have straightforward solutions, the others may not especially those related to the company’s financial aspects. Staff expenses are the second biggest controllable cost heading in several organizations. Despite, many company owners tend to overlook the efficient ways to handle and
Hidden Benefits of Expense Reporting Solution for Small Businesses Read More »
Corporate travel is one of the most difficult expense categories (after payroll) for organizations to manage. In addition to this, travel expense report fraud can be the gateway for many other problems. A well-executed travel expense audit helps you control expense report fraud and save money for your business. How to Implement the Travel Expense
Travel Expense Audit: How to Manage It Efficiently Read More »
Fraud can wreak massive havoc for your company in terms of your reputation and finances. AP fraud is often attempted in the form of duplicate invoices being submitted for payment. As per the Association of Certified Fraud Examiner’s report of 2020, a typical fraud case lasts for fourteen months before it is identified and causes
How to Combat Fraud in Accounts Payable Read More »
Finance, supply chain, and procurement departments have to work together to tackle broader business challenges. Though each team has a unique function, spending decisions should be made quickly. Adapting and responding to changes in the business, eventually creating new business strategies, and tapping into a new and changing workforce is important. To develop a strategic
Handling Difficulties in Expense Management with a Robust Spend Management Platform Read More »
Managing expenses manually can be a tedious process. When data is collected, it remains stagnant until there’s human intervention. Error-prone and clunky expense report forms, slow reimbursements, and confusing travel and expense policies are all key frustrations for your staff when it comes to expense management. Not only do your employees get annoyed, but also
Ways to Resolve Major Problems in Expense Management Read More »
Every organization has to serve its clients satisfactorily- that’s the basis on which a business should run. But it’s also true that companies have to treat their staff properly as well. If an organization only takes from its workers and gives them back nothing in return, it is going to leave behind employees annoyed resulting
How a Helpdesk Software Help Your Customer Support Team Read More »
