An organization will have around eight to nine thousand travel reports for reimbursement in a year. The biggest challenges of the expense reporting process is timely approval of reports and policy compliance. With the approvers and finance department spread across different business units, it is difficult to track all receipts
The procurement department can create added value and profitability for the entire business; however, this value is often limited by age-old manual processes involving paper documents and time-consuming tasks. To streamline spend management, minimize purchasing costs, and increase profit, organizations should have an easy requisition creation and approval process, high
It has been predicted that international business travel spending will exceed more than $1.6 trillion by the end of 2020. There are nearly 500 million business trips per year in the United States and half of the business travelers do not inform their organization of what flights they have booked
Missed payments are always there in accounts payable processes. Not sending invoices on time might be one of the reasons for this. Well, sending an invoice automatically on a periodic basis would resolve this problem. Recurring invoice feature exactly does this. A recurring invoice is something sent to merchants on
The demands of corporate travelers are becoming more challenging day by day and for some travel managers, the travel costs are rising. There is also stiff competition from local travel agencies that provide a variety of attractive services online for consumers. So, the role of a travel manager is constantly
Controlling travel expenses of employees when costs are being incurred in overseas is one of the major challenges that managers are facing today. Diverse currencies and different legal systems add to the complexities of expense management. Expense fraud is another notable problem caused by insincere employees who take advantage of
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