Tag: expense management
Today, some businesses are adopting a flexible and hybrid approach to working. Expense receipts for setting up home office are set be rivaled by claims for mileage and travel. …
COVID-19 pandemic has brought many changes and of all the changes, working remotely is one of the most significant changes today. Employee travel and entertainment expenses are set off …
Finance, supply chain, and procurement departments have to work together to tackle broader business challenges. Though each team has a unique function, spending decisions should be made quickly. Adapting …
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 …
Business travelers frequently complain about always filing their travel and expense claims either on Excel sheets or utilizing their manager’s old and clunky solution. This process can be time-consuming, …
As Travel and Entertainment (T & E) expenses represent around 10-12% of company’s overall expenses, businesses are increasingly realizing the importance of having expense report software in place. Lack …
Pain Points of Manual Expense Report Management Expense reports are one of the most exaggerating aspects of an organization. As the company grows, the number of expense reports also …
There are five stages of Travel and Expense Management (TEM) that correlate to an organization’s lifecycle. As the company grows by the workforce, product lines and geographically, inefficient TEM …
Many large enterprises have manual processing of routine transactions, where a lot of time and effort are required. Sometimes, these manual calculations may also be misread or misinterpreted. Automated …
For employees with bad spending habits, effective management, and tracking tools could be the answer. Tracking employees’ spending is the only way for businesses to curb bad spending habits. …
