When it comes to expense reporting, there would not be much information about certain expenditure items such as cab ride and the total distance traveled. The only way to verify such kind of purchases is to match the reported expenses with receipts. This sort of verification works well for the purchase of gas but what […]
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It’s no more surprising that travel has become an integral part of every business. Employees should travel overseas to close major business deals. Due to this, travel and entertainment expenses have increased, thus requiring you to limit the budget required to spend on other activities. Leveraging the information you get from reports helps you figure
T & E Cost Control – What you need to Know Read More »
Do you know what makes employees better comply with T & E policies? A simple T & E solution would be of no use if it does not support the following features: Integrated mobile application Connecting with T & E system via a mobile application is one of the effective ways to make employees comply
Modern T & E Solutions for Enterprises Read More »
In many organizations, corporate travel management and expenses are considered two different functions and are handled separately. Expenses are processed by the accounts department while travel management is responsible for buying travel and oversee the travel program. Finally, both may go to finance, but running these two processes are worlds apart. Most businesses don’t link
Why Integrating T&E Matters Read More »
SutiExpense is an end-to-end expense report software solution that deals with all the aspects of expense management. The solution can be easily integrated with complementary applications and other third-party solutions to help organizations better manage their processes. In this post, we will take a look at some integrations which help the solution serve you better.
Travel Booking Portal, Online Signature, and Other Integrations to SutiExpense Read More »
T&E is a tedious process that wastes employees’ time, and therefore, automation in the process is welcomed by all the stakeholders. Here are some areas in T&E where automation really helps: Report filling Expense reports have to be filled by employees on their return from trips. This is one of the most tedious areas of
Some Areas in T&E where Automation Works Great Read More »
Sometimes your employees have to travel overseas to meet prospects and clients. Here, currency exchange makes your expense reimbursement complex if not managed properly. As there will be fluctuations in the currency rates, it can be really difficult to track expenses while on a business trip. To overcome such obstacles and make the travel expense
Currency Exchange Rate: Does it Impact your T & E Management? Read More »
Business expenditure is considered differently by the IRS. While creating expense forms, you should make it easy for employees to report expenses by function. The ideal way to do this is to create a classification system that categorizes expenses into types. When an employee reports business expenditure, ensure that you are making proper deductions, claiming
Creating Expense Forms – What You Should Know Read More »
Most times employees may think about what comes and what not under a valid business expense. To overcome this confusion, some businesses have turned to prepaid credit cards to manage employee expenses much better. Though prepaid cards come with a lot of benefits, on the flip-side there are a few disadvantages. If you are planning
Expense Prepaid Cards- What are the pros and cons? Read More »
Although you would want to look at every expense carefully, sometimes you may miss out on a few of them. These expenses can be out of policy claims, resulting in a huge loss to the company when summed up. Accountants should review each expense report to make sure that the expenses claimed for reimbursement are
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