Travel and Expense Reporting – SutiExpense Offers the Best Ways
In this digital age, from booking a cab to ordering pizza everything is automated. Most of our day-to-day activities can be accomplished using a smartphone. So, why you are still spending hours collecting receipts during business trip – and then you wait for weeks, or sometimes months after submitting expenses to actually be reimbursed? Manual paper-based spend management processes have ...
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Signs That Show You Should Automate Procurement of Goods
Businesses have been investing in procurement technology for a long time in order to create a holistic and strategic approach to the purchasing process. They have turned to eProcurement to minimize maverick spend, minimize expenses, human errors, and enhance supply chain compliance as well as spend visibility. Today, the procurement of services has been rarely included in automation. This has ...
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How can Expense Reimbursement Policy Reduce Out-of-policy Spending?
It’s a known fact that running a business is expensive. Various costs go beyond operational expenses such as business travel, meals for clients, and transportation can add up at the end. A good expense reimbursement policy should be in place to track these costs. Necessary components of an expense reimbursement policy Knowing what to mention in an expense policy can ...
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Key Accounts Payable Automation Myths to Avoid
Did you ever wonder why innovative and forward-thinking companies would not select robust accounts payable solution? It seems that there are a few serious misapprehensions around the notion of automation. Such inappropriate and unfortunate AP automation myths have a negative impact on the management, and they avoid automation solutions and their immediate advantages. Here we present some of the greatest ...
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How to Embrace Procurement Best Practices
A perfect set of procurement best practices helps to minimize material and labor expenses in order to increase the well-being of a business. Hence, organizations must keep the best practices in their mind while creating strategies which will work in today’s competitive market. While examining the organization’s monetary performance, you need to look at your revenue streams or else consider ...
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Top Ways to Automate Your Expense Tracking
Tracking expenses on the paper receipts is quite daunting for the managers as well as employees. More than 60 percent of workers merely attach all receipts to expense claims and leave the rest for the accountant to figure it out. Think of having to riddle out what receipts goes to which expense throughout the day. Organizations lack granular insight with ...
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