expense management

Business Travel challenges

Business Travel Personalized with Automation

Corporate travel has become so important, enabling businesses to build networks, close deals and achieve goals. For corporate travelers, it all starts with a set of challenges that often go unnoticed. Recent study revealed that the main concern faced by corporate travelers, reveals insights that hinder the productivity. Financial Challenges The key challenge for corporate […]

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Expense Fraud Prevention

Is Fraud Prevention Process Necessary in Expense Management?

Fraud prevention refers to implementing any strategy that helps to detect fraudulent banking activities or transactions and prevent them using the necessary steps. It helps to prevent damage caused to reputational and financial damage to the financial institution and customer. Due to the increase in the popularity of mobile and online banking channels and the

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Expense Management Software

What Causes Expense Management To Go Wrong?

Organizational expense management processes and practices are hard to get right at the best of times. In many organizations, this process is still handled with methods that seem outdated in this digital age. By using paper expense reports clipped with bills, and engaging multiple personnel to pore over them and process them for reimbursement, organizations

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Handling Difficulties in Expense Management with a Robust Spend Management Platform

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 and responding to changes in the business, eventually creating new business strategies, and tapping into a new and changing workforce is important. To develop a strategic

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Expense Management Software

Ways to Resolve Major Problems in Expense Management

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

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travel and expense management solution

What Organizations Should Look for in an Automated T&E Management Solution

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, which makes it easy to put off, which ultimately delays the reimbursement process. Finance departments are also tired of having to process thousands of expense claims

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T & E Expense management

Improved RoI with T & E Expense Software

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 of visibility into business spending, lack of control, high processing costs and lengthy reimbursement times are some of the biggest problems businesses face with respect to

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Expense Report Management

Pain Points of Manual Expense Report Management

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 increases and expense fraud will cost you a huge money and time. Auditors in the finance department that need to audit expense reports face challenges in

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