The key benefit of implementing expense report software is to create business rules to streamline the process of expense entry and approval. Business rules incorporate corporate policies into the expense system, so different employees have different criteria and thresholds set for entering expenses. Configuring thresholds into the system makes it
With so many payment options available today, selecting the right method for your business can be challenging. While corporate credit cards are the only option for companies with corporate travelers (due to their ease of reconciliation), alternative payment methods are becoming increasingly popular. The Benefits of Corporate Cards Corporate cards
Fraud is the most common problem in accounts payable, which is the most vulnerable area within a business to conduct illegal activity. Protecting accounts payable can seem overwhelming as the invoice, and account data can be tampered easily. However, putting controls in place is more important than ever before. Cloud
Today, CFO’s have to play the key role in the strategic development of an enterprise. The decisions made will affect the entire organization, and few departments have the influence of finance, which grows dramatically as the organization evolves. Procurement is an area that has to be rationalized according to the
Millennials will make up more than half of the workforce by 2020. They expect quick results from the technology and expect solutions to work seamlessly with greater flexibility. Modern travel and expense report solutions should meet those demands. Millennials in the Workforce Millennials spend most of their time on their
CFOs and CIOs may overlook spend management to improve controls and compliance with company policy. Compliance with corporate policies ensures that expenses are approved and accurate accruals are made for outstanding invoices. Regulatory compliance is also important, as adhering to VAT regulations and reclamation tools can have a real impact
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