Expense Software for Better Corporate Travel Management
Travel and entertainment expenses are difficult to manage. T & E spending is the key expense to measure and control. But, most organizations fail to achieve this and the reasons for this are many. The following are some reasons why businesses are holding back to control employee expenses: Most SMEs are Run by Manual Processes Around 54% of small businesses ...
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How to Achieve Higher One-Time Payments in Procurement
In many organizations, on-time payments remain mysterious in their procurement process. Although significant investments in technology implementation and process digitization, businesses find that manual processes persist due to exceptions and country-specific processes. There a few common problems that the businesses come across when transforming their procurement function. While a few of these issues are process related, and some are related ...
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Automating the Expense Reporting Process with SutiExpense
This article explains how the laborious expense management process can be simplified. Knowing about SutiExpense SutiExpense simplifies the expense reporting process for both employees and finance professionals. For employees, it becomes easy to capture receipts, fill out spreadsheets, staple receipts, and move around the business. This had become easier as smartphones are everywhere and the solution is deployed on the ...
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Different Types of Expense Fraud and How to Control Them
Finance controllers know that travel and expense is one of the major expense categories in their organization. Businesses with frequent travelers should be aware that T&E is often a target for fraud. Modern T&E systems provide tools that evaluate spending trends and can find payment fraud. An online spend management solution, and the use of a corporate credit card can ...
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How to Future-proof Your Supply Chain with Cloud Technology
Supply chain management is the backbone of product-centric organizations and has the most potential to affect overall business performance. With the advancements in technology, the majority of changes are taking place in this process. Latest cloud-based solutions for supply chain management help businesses transform so they can quickly respond as new technologies emerge and customer expectations change. On-premise systems are ...
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Challenges of Using Manual Expense Reporting and How to Overcome Them
Although 2018 had been a year of technological advancement in how businesses handle travel and expense reporting, many expense reporting trends of the previous year remains constant. Even today, many organizations are still using manual processes for handling travel and expense. Continuous use of manual systems for T&E management such as pen and paper or excel spreadsheets has extensive implications. ...
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