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
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
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 Too many organizations have out-of-date policies and procedures that no longer work.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
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
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
Today, many organizations still use outdated slow manual systems for tracking expenses that can slowly turn into a monotonous task and result into an awful endless ordeal.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
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