A well-defined expense policy can save resource time, while protecting against fraud and compliance breaches. An expense policy should outline how to handle business expenses, guide employees what can and cannot be claimed, and clearly state what happens if employees make out-of-policy expense claims. Not understanding expense policies is one concern that employees often face. […]
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The procurement function should be performed by fair and transparent means. Procurement is easiest when the process is transparent, but transparency may be one of the toughest things to achieve. One of the best ways to promote fair procurement is to implement suitable procurement software that will make your entire purchasing processes more transparent and
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The lack of accurate information is just one barrier to effective expense management. Using traditional methods such as paper and spreadsheets to process reimbursement requests can be a hassle. Traditional methods make the system inefficient and makes the process more complicated than it needs to be.The finance department is liable to record the most basic
Transforming The Way Businesses Control Costs Read More »
Whether you want to increase the efficiency of your accounts payable (AP) department or want to streamline your AP process, the benefits of AP automation outweigh the associated costs. In this era of digital transformation, adapting to technology can be difficult for everyone, yet taking advantage of such transformation is critically important. Despite working with
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In this ever-changing business landscape, small businesses are facing significant challenges to thrive in this day and age. Every penny counts, and managing your penny is very important. If you are manually tracking business expenses, you are probably missing out on opportunities due to lack of visibility and inefficient processes. Visibility into Hidden Areas is
Why Manual Expense Reporting Won’t Work in the Long Run? Read More »
No matter how big or small your company is, a bad expense reporting process will leave a negative impact on the company. Expenses are not just your office rent or wages, but the expenses that your employees make while creating business profit – business travel, lunches, or any sort of business related purchase. Managing all
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Searching through stacks of paper even after automating the process is not an efficient method. To figure out where the invoice process is going wrong in the various stages of the approval cycle, you really have to take an in-depth look. Automating the expense process is not enough; you should also consider automating the invoice
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This year, 2018, has already shown a great start for SutiSoft, as SutiExpense has been ranked as one of the highest rated expense solutions by G2Crowd, a popular business software review platform. G2 Crowd rated all cloud-based expense solutions based on user satisfaction, and SutiExpense has been ranked one of the best solutions in the
SutiExpense, Ranked One of the Best Expense Management Software by G2 Crowd Read More »
Stay On Top of Your Expense Reports with SutiExpense We’ve all experienced these, getting a move on a business trip, meeting clients, taking on projects, and then realizing your trip is over and your expense report is blank. You rethink your expenses and shoebox all your receipts. Creating expense reports can be tedious and time-consuming,
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Companies face several issues with expense, travel and invoice management when they take a manual approach. Additionally, the timelines are another major concern for the finance and accounting departments. Old-fashioned methods and outdated technologies are the core reason for inefficient expense, travel and invoice management. Manual procedures are time-consuming and vulnerable to human error, lacking
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