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

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

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

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

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

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,

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

Does your application allow you to submit expenses on behalf of others? If no, then you might consider choosing an expense report software that will. Today’s expense applications support delegate and alternate approvers, offering an easy way to manage the expense reporting process. The delegate feature allows you to capture

With cloud technology providing greater visibility into how and where travelers spend, companies have a better chance of negotiating contracts. And, with policies being incorporated into expense solutions and travel booking tools, much of the compliance can be achieved, thus allowing program managers to focus on strategic objectives. Unnecessary travel

From SMEs to large enterprises, it is important for every business owner to understand the industry landscape and current economic conditions to make their enterprises successful. Small businesses can be overwhelmed with growing expense pain points; however, a few tips can help them grow in terms of return on investment