Tracking your employee-initiated expenses has gotten a lot easier with technology. Right from mobile applications to online travel booking websites, technology allows employees to record and create expense reports as they move around, so they don’t have to spend time sitting in front of the desktop to submit expense reports. In fact, technology is eliminating […]
There might be times when a particular business expense is associated with one or more client or project. So, how do you report such expenses in real-time? That’s why we have come up with the concept of splitting expenses by cost centers. Whether you have to split expenses by project, client, product or division, our
Splitting Business Expenses by Cost Centers Keeps your Budget in Control Read More »
Running a business requires you to spend a lot for company expenses. Using your personal credit card for business expenses is not a good idea always. As a small business owner you should provide company cards to your employees to make required business purchases. Using cards that offer rewards like points and cash back can
Which Credit Card is Right for Your Business? Read More »
Reporting travel expenses has always been a most hectic task for employees. Currency conversion is a big headache for travelers as the values tend to fluctuate from one day to another. So, how do you manage currency conversion? Is doing everything in foreign currency and converting it based on daily exchange rate a good option?
How Expense Report Software can Resolve the Currency Conversion Problem Read More »
Visibility plays a key role in expense management. If you can’t see what’s going on with business expenses, you cannot manage them effectively. Visibility has always been one of the key challenges businesses have faced when trying to control employee-based expenses. Trying to pull out any information other than the most basic data is a
The Power of Metrics in Business Expense Management Read More »
It’s a known fact that tracking all your expenses, including the small expenses gives you a better idea of how you are managing your money. But, does tracking small expenses really help you? Yes, it does. The following are a few reasons why you should track small business expenses. Tracking all expenses including those like
Does Tracking Small Expenses Benefit your Company? Read More »
It is always important to know the company policy for expense management. In some cases, you use a company credit card, whereas, for some, you may have to use your personal credit card and submit the expenses for reimbursement. As each company has a unique T & E policy, you have some important things to
Business Transactions with a Personal Credit Card Read More »
Here are some new features of the latest version of SutiExpense that will enhance user experience in working with the application: OCR technology is used to read the receipt data and the read data can be edited if required. You can add transactions made from your personal card to your expense report. This enables
SutiExpense New Features Round Up Read More »
Although corporate card programs make corporate spend better and easy, they still leave a number of hassles for cardholders and administrators when you consider expense reporting. Companies that tied up with corporate card programs can now review, approve and pay corporate card expenses in a just a click away. However, the following are some risks
3 Major Issues of Corporate Credit Programs and How to Handle Them Read More »
It is obvious that automating expense procedures prevents expense fraud. The truth is that expense fraud is associated with other kinds of business fraud, which means it is evident that evading expense fraud can cut down business fraud. Apparently, fraud costs around 5% of business revenue. Around 15% of fraud cases are related to expense
Combating Business Fraud with Expense Report Software Read More »
