There are a lot of reasons that explain why business travel is gaining a lot of importance these days. Business expansions, on-site projects, and client meets are some of the reasons for employees to plan for business travel. Though you have some policies in place, you can’t assure whether all the expenses are in line […]
Are you Managing Business Expenses the Right Way? Read More »
Traveling on business trips is one of the key areas where organizations are more vulnerable to fraud. When your employees are on a business trip, they may commute to a number of places that include both personal and business purpose. So, how can you figure out whether your employees are raising requests for their personal
Avoid Paying for Travel Overages by Accurate Mileage Tracking Read More »
Expense management refers to the process of managing expenses incurred during the course of work. For instance, you may be involved in overseas business travel to enhance client relations or your brand. All the expenses related to business trip needs to be reported, processed and reimbursed. Payment will vary with cash, personal credit cards, and
Does Manual Expense Management Fit this Era? Read More »
The potential problems associated with the manual expense reporting process are many, the biggest being the time and effort required to complete the expense reports, process it, and enter it for payment. By using advanced technology, organizations can substantially improve and streamline employee expense reporting. Expense report software automates everything, from report creation and approval
Streamlining Employee Expense Reporting Read More »
According to the Chrome River Survey, expense fraud costs around $2.8 billion per year to US employers. On average, $2448 worth of fraud is being claimed by employees each year. Who Commits Fraud? Reportedly, 73% of men and 27% of women commit fraud. Companies with more than 390 employees are more vulnerable to fraud. More
Key Findings about Expense Fraud Every Business Owner should Know Read More »
With hundreds of files loading in your system, it has become extremely difficult for finance department to compile every reimbursement document. As each file comes in a different format, importing all the data file formats into one accounting system is a challenge. Once the formatting is done, accountants have to review the files and start
Did you ever think about controlling your business travel spending before the actual spend takes place? Yes, it is possible with the SutiExpense pre-trip authorization feature. With the feature, you can gain a detailed view on every employee business travel plan. This can help you find new opportunities to cut down the extra expenses. Our
SutiExpense Makes the Reimbursement Process a Cake-walk for Finance Professionals Read More »
Managing expense reports is an onerous task for both employees as well as employers. As the company grows, the onerousness of expense reporting only grows, and hence the right practices have to be adopted to manage expenses the right way. On the other hand, auditors need to face a number of challenges in every phase
SutiExpense Helps Overcome the Toughest Challenges of Expense Management Read More »
Corporate travelers are the face of the organization. They are the ones who go out to meet the clients and close the deals. It is important for every organization to keep them happy, and one of the best ways to do that is to reimburse their expenses in a timely manner. Expense reimbursement software makes
Streamline the Expense Reimbursement Process and Reduce Costs Read More »
A well-enforced business expense management policy can cut costs, enhance administrative efficiency, and improve employees’ overall experience. To maintain accurate and compliant expense management, organizations should establish a firm expense management policy. It should cover the entire process, from pre-authorization to expense reimbursement. Here, we list a few considerations for establishing a top expense management
Establishing a Successful Expense Management Policy Read More »
