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Spend Management

Integrated Procure-to-Pay System For Better Procurement Functions

Spend Management /

In the modern world, organizations are forced to manage their major processes more tactically, and procurement is one of them. The change in an organization’s thinking has signified the importance of generating more cost-savings and looking at the procurement function holistically. Here, we present a few critical reasons why modern businesses need to implement an […]

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Procurement Management Software

Tips To Boost Your Procurement Process Efficiently

Spend Management /

In most organizations, procurement plays a crucial role because of the major influence it has on the overall cost of business. Between communicating across various departments and juggling several projects, there are different factors that are essential for streamlining process and maximizing efficiency that has a positive impact on your organization. Although improving procurement performance

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Corporate Travel & Expense Management

Corporate Travel Is Growing. Are Your Travel Expenses Compliant?

Expense Management, Spend Management /

Do you spend too much time reviewing and approving employee travel expenses? At times, travel and expense policies are too confusing, making it difficult for employees to claim expenses. Too many organizations have out-of-date policies and procedures that no longer work. This can result in duplicate expense claims, questionable expenses and fraud, not to mention

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Expense Payment Methods

Leveraging The Best Suited Expense Payment Methods For Your Organization

Expense Management, Spend Management /

Today, there are numerous corporate payment methods available and selecting the right payment method for your unique enterprise can be a challenging task. Corporate credit cards have historically been the best choice for the business travelers as they are easy to use on the go, but alternative payment methods are also gaining popularity with technological

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Online Expense Reporting

Achieve Better Compliance With Online Expense Reporting

Expense Management, Spend Management /

Incorrect data is one of the major issues in expense management. With a manual spend reporting process, several rounds of amendments by the employee are often required before their expense claim can be processed in a compliant fashion. If incorrect information is captured, businesses have to face a compliance issue at the back-end of the

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Expense Management Trends

Top 7 Engaging Trends Of Expense Management Systems For Businesses

Expense Management, Spend Management /

Today, many organizations still use outdated slow manual systems for tracking expenses that can slowly turn into a monotonous task and result into an awful endless ordeal. But it’s best to move towards the latest technologies, rather than be stuck in past systems. Cloud-based expense management platforms are dominating the current market landscape. Service providers

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Improve Inventory Management

Top 4 Ways To Improve Your Inventory Management For Business

Spend Management /

Today, senior executives and CFOs are well aware of the importance of inventory management yet the managers still find it difficult to get it right. Effective inventory management control helps businesses to track inventory stocks accurately through physical count and in accounting records. Organizations can react to market demands and bring considerable cost reduction via

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Automate Expense Reporting

Make Your Expense Reporting Painless And Easy With Automation

Expense Management, Spend Management /

Although, managing your employee expenses is time consuming, it plays a crucial role for your organization. When employees submit their expense reports, the manager needs to review, authenticate, and approve all expenses and process them as soon as possible. But organizations using paper-pen method or spreadsheets for expense management manually, include complex reporting and validation

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Cloud Based Expense Software

Why Automating The Expense Management Process Is Essential For Business

Expense Management, Spend Management /

Many organizations still follow and maintain excel spreadsheets, paper receipts, and printed reports for managing business expenses, and as a result often encounter fraudulent activities and various inconsistencies adding to lots of hassle. Employees travel on business trips, conduct meetings with clients, and after returning, have to file their expenses and submit bills. For a

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AI Transforming Expense Management

How Artificial Intelligence Can Transform Expense Management

Expense Management, Spend Management /

Expense management is a foremost priority if an organization is aiming to manage their costs better by analyzing various expenses incurred by employees. By expense management, we mean tracking hard copy receipts, preparing expense reports, looking for policy checks and then assimilating the data and gaining insights from it. But doing this task manually can

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