Processing expense reports takes some time, especially if there are errors or discrepancies. If your finance department is struggling to process expense reports in a timely fashion, it is likely you should review and update your expense reporting process. Manual expense reporting will slow down the process and increase the need for human intervention. At […]
Say No to Manual Expense Report Process Read More »
Employee travel and entertainment expenses typically cost 10-12 percent of overall business operating costs. From reducing expense report processing costs to eliminating out-of-policy claims, there are a number of areas where expense report software can help organizations cut costs. In addition, analytical insight and the ability to drill down thousands of individual transactions can help
3 Ways Expense Report Software Cuts Business Travel 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 »
With so many business trips occurring, it is imperative for organizations to keep track of every travel expense. This is exactly where expense report automation comes into the picture. Expense report automation will not only simplify the job of travelers but also makes it easy to track every penny being spent. Thanks to the expense
3 Ways Automating Expense Report Process Makes your Job Easy 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 »
Expense management is one of the biggest challenges of a growing business. It may be due to trivial work procedures that fail as your business grows. Figuring out the best ways to manage and monitor employee expenses is not usually on the priority list for companies. When an organization is small, the expense set up
The Need of Expense Management Software for a Growing Business Read More »
Whether it is for clients call or sales meeting, employees have to submit expenses for reimbursement at some time. Filing expense reports is dreadful, and managing financial reporting is even more cumbersome. With costs rising up, it is imperative for businesses to streamline the expense report process and make it more efficient. Let’s take a
Reasons Why Traditional Expense Reporting Does Not Work for Today Businesses Read More »
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. To cut down costs, businesses should make sure employees don’t overspend. Identifying employees with spendthrift tendencies and allowing them to manage their expenses effectively is the
4 Strategies to Slash Employee Overspending Read More »
Expense reporting in the cloud is quickly picking up pace across all industries. Automating financial processes is the key to achieving efficiency in an organization. Let’s see how cloud-based expense reporting can help achieve transparency, accountability, and efficiency while providing insights into upcoming costs. Increased Accountability and Transparency Good expense report management starts with transparency.
Reasons Why Cloud-based Expense Reporting is a Must for Businesses: Part – 1 Read More »
Running out of time preparing your expense reports? Well, manual reporting processes can take hours. Employees have to sit all day long digging through receipts and manually inputting expenditures. At the same time, the finance department has to spend time reviewing and reconciling expense reports. Any discrepancy or loss of receipt can take hours back-and-forth
Don’t Get Blown Away by Paper-based Expense Reporting Process Read More »
