Managing expenses manually can be a tedious process. When data is collected, it remains stagnant until there’s human intervention. Error-prone and clunky expense report forms, slow reimbursements, and confusing travel and expense policies are all key frustrations for your staff when it comes to expense management. Not only do your employees get annoyed, but also […]
Ways to Resolve Major Problems in Expense Management Read More »
As we move closer to the year ending, it’s natural to start considering new objectives for the year ahead. Whether they are business goals or personal, we all struggle to make better decisions in the New Year. However, while we are looking forward, many times, we forget to look back and reflect on our performance
Did You Achieve Your Expense Goals This Year? Read More »
Whether a startup or a large enterprise, every penny counts in any kind of business. You must keep track of company expenses in order to control the finances and enhance profitability. Inaccurate data and miscalculated costs can have a negative effect on your business finances if not instantly resolved. If your organization is still managing
Top 3 Challenges of Manual Expense Management Processes Read More »
The manual process and legacy systems do not meet the needs of modern businesses. It is essential to track and record every expense to identify pitfalls, avoid unnecessary expenses, and cut down the costs. According to the Aberdeen Group, managing expense reports manually is costing $41.12, while an automated expense report would cost $7.17. Creating,
7 Features to Look for in Expense Management Software Read More »
Reviewing and approving expense reports manually are quite challenging. The finance department is swamped with expense reimbursement requests when employees return after their client meetings, sales conventions, and more. Expense reports done manually are error-prone and inaccurate. It is extremely difficult to gather, review, authenticate, and approve reimbursement claims manually without slipping down somewhere in
How to Make Reimbursement Easy with Expense Approval Software Read More »
Today, globalization and business mobility have enhanced travel expenses to a great extent. Businesses should focus on increasing efficiency in T&E management processes such as entering data, claim reimbursement, and more. It is true that mobile travel and expense management solutions can be extremely helpful. Managing travel expenses manually is laborious work, needs a lot
Reasons Your Organization Must Adopt Mobile Travel and Expense Management Solution 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 »
Surprisingly, around 49% of companies rely on manual expense management process. The expense management trends have helped organizations understand the industry trends and best practices. Let us see some valuable insights into the expense software industry. Manual methods are painstaking Enterprises are leading the way in adopting the technology, around 39 percent of companies are
Expense Management Trends Every Business Should Know Read More »
Whether you work in an SME or a multi-national company, managing employee expenses is a part of life. For some employees, it is just attending a seminar, and for others, it could be taking frequent trips around the world. Organizations need to make sure that they manage expenses efficiently for the end users and the
Expense Report Solution Designed for Canadian Organizations Read More »
The gradual development of the e-commerce market has led the retail industry to stay on its toes and keep up with the competition. Brands and businesses are inventing new ways to stand out by generating value-added customer experiences- in store as well as online. Elementary features such as consistency, speed, and optimization are on the
How Retailers Can Go Cashless with the New Age Expense Management Solutions Read More »
