Businesses must make sure all the expenses are properly accounted for. With the right systems in place, you can report and process reimbursements faster and monitor all of them accurately. The traditional expense reporting system could be more efficient as it requires you to manually verify and validate all expense claims. Employees want to enter […]
Smarter Expense Reporting for Modern Businesses Read More »
Monitoring the expenses associated with processing, paying, and consolidating a business is crucial for its success. In fact, the expenses of the company can directly impact its bottom line. Quite interestingly, a large number of companies are still reliant on the old-fashioned methods of managing and monitoring expenses. You can easily find many organizations which
3 Major Issues which can make Expense Management a Chore for your Business Read More »
Corporate travel reimbursements can be frustrating for all involved. Around 38% of employees use their funds for work-related activities, facing financial problems when waiting for payments. Expense reporting has moved from having employees file expenses through the spreadsheet, but automation would eliminate the delays that parties face during the process. The software that businesses rely
Manual Expense Reporting Process & the Best Way to Tackle Read More »
In today’s technologically driven digital world, most enterprises are investing in expense management solutions to automate their business processes and enhance overall productivity. With an average of $1.3 trillion spent solely on corporate travel expenses worldwide last year, organizations are trying to gain full control over their expense budgets. The software streamlines tedious and time-consuming
5-Steps for Successful Implementation of Expense Management Software Read More »
For many employees, corporate travel has become a significant part of life. Today, more than 45% of organizations have a labor force that travels at least one week per year. The rest 28% of companies noted that their staff travels at least four weeks every year. With so many business-sponsored trips taking place, managers and
Making Life Easier with Automated Expense Reporting Read More »
Automating expense management can aid you to claim reimbursements quickly, minimize expense processing costs, and the time assigned to expense reporting. The Present Situation of Automation The solution enhances employee satisfaction as well as minimizes the burden that comes with semi-automated or traditional processes. But, still today, many organizations claim that they do not want
Importance of Expense Management Automation in Business Read More »
Today, many employees have admitted that they still submit expenses manually- filling their pockets, wallets, and briefcases with receipts. These rolled up pieces of paper later get stapled to printed Excel spreadsheets that should be typed, and mailed to the accounting team. In this age where a majority of business operations have been automated, expenses
Why it’s Crucial for Businesses to Implement Expense Management Software Read More »
Human resource management is constantly changing. Today, organizations have started realizing that employees are not a commodity and are adopting more employee-centric approaches to attract and retain the best talents. The workforce can make or break an organization, and having engaged & talented ones is a priceless competitive advantage. The HR teams need to be
How Automated Expense Management Improves Employee Experience Read More »
Managing employee spending is a big challenge for large enterprises. This is due to lack of data tracking tools that can throw useful insights into employee spending. Travel expense management process is data-centric. Data flows from different sources such as employee reimbursement, accounts department, vendor invoices and credit card statements. Moreover, travel vendor choices and
Why Automation Is Critical To Control Corporate Spending? Read More »
Employee spend management is the most tedious process within company functions. But, the process is always being overlooked when it comes to updating and revolutionizing. Organizations fail to understand that effective expense management is the best way to reduce costs and ease the job of doing business. Employees are frustrated by manual expense management, and
How Expense Automation Impacts Your Business? Read More »
