Are you falling behind in your expense management? Erroneous manual processes will take up a lot of your finance department’s time. Automated expense management solution is what your business needs to gain control over spending. Businesses of all sizes have expense reports and need to have a system in place to monitor spending. Spreadsheets replaced […]
Good Reasons for Switching to Expense Report Software Read More »
Businesses are increasingly spending more on travel and entertainment business expenses. On average, around 10% of the annual revenues account for business travel. The time and cost of expense report processing exceed $100 according to the Global Business Travel Association (GBTA). This is the result of: Accounting Departments are Overwhelmed Accounting departments are asked to
Saving the Bottom Line with Expense Report Automation Read More »
The expense report process is not only about expense reports; it includes things like defining compliance, travel policy, approval process, and much more. Following the best industry practices will not only make the employee experience better but also save time and money. There are many ways through which this can be done. Let’s take a
3 Reasons To Choose Expense Report Software Read More »
Managing per diems can be difficult for organizations of all sizes. Keeping track of fixed amounts for meals and small costs might sound like a headache, as the rates vary from destination to destination. So, how do you handle per diems effectively and get rid of those painful points in real time? What Per Diems
Making Per Diem Management Effortless Read More »
Many organizations struggle to balance between cutting costs and growing their business. Most often companies overlook daily activities when thinking about cost savings. The cost of manual processes will end up costing more to companies. That is why automating low-value tasks is important. Expense management is one such task that needs to be automated enterprise-wide.
How Automated Expense Report Solution Cuts Business Costs? Read More »
Expense management might not be the hot topic within your company, but having an expense reporting system can save you a lot of time and money. Recent survey from ACFE revealed that businesses lose 5% of its revenue due to fraud every year. Expense fraud mainly happens due to non-compliance with tax regulations. Automating expense
Top Reasons for Considering Expense Report Software Read More »
Do you really need to automate your expense reporting process? In the traditional expense report process, a single report passes through a number of hands before it gets filled. Starting with the employee who will manually enter expenses into a spreadsheet and attach receipts, the expense report goes to the manager who has to review
The Value Automation Adds to Traditional Expense Report Process Read More »
Tracking travel and entertainment (T & E) expenses are not only essential but also critical for any business. Businesses waste a lot of money when they have ineffective processes in place. We will provide you with a quick overview of how automated solutions simplify the process of tracking expenses by virtually eliminating mistakes and streamlining
4 Key Benefits of Expense Management Software Read More »
While large enterprises have teams to look after their travel & expense management and invoice processing, small businesses lack the systems needed to stay on top of these matters. So, employees need to fill in an expense report, attach relevant receipts, and then forward it to the manager for approval. This process can take hours
Making Invoice and Expense Management Easier with Automation Read More »
Managing business travel expenses has become a big headache for financial auditors and procurement mangers. Not only is this time consuming but it also costs more for businesses. Identifying savings opportunities being the key responsibility for finance teams, organizations are turning towards automated expense management solutions from traditional in-house systems. However, many organizations are looking
Cost-savings on Business Travel Expense Processes Read More »
