It’s a known fact that you as an employee or an employer face certain problems with expense reporting, but the fact is, it is your accountants department that experiences the real problems of the expense reporting. Being at the top of the game, accounts department is finding it difficult to

Just as your employees fit in your company culture, your corporate T & E policy should be geared to fit the same. Having a well-written and clear expense policy makes it easy for employees to understand and prevents frustration, mistakes, and best of all, fraud. As corporate travel policy provides

“Better choice” implies a comparison, so let’s be specific about what cloud expense management is being compared to. When a company evaluates how to handle employee expenses, there are really four options on the table: Each one can technically process an expense report. The differences show up in what each

Beyond just making sure your employees are spending business money the right way, the expense tracking software solution also helps you determine the usage of company money by providing essential tools for detecting employee fraud. Data matters When making decisions about the company money, every piece of information you get

While an automated expense management system can ease life for business travelers, it can also do wonders for finance and accounting departments. Not every expense system has this capability, hence you need a platform that can integrate with the finance and accounting system. Finance and accounting features Finance and accounting

It’s been around 50 years since spreadsheets were invented but they are still being used by many companies to track their employee expenses. Despite the emergence of cloud-based solutions, companies continue to work with spreadsheets. But, spreadsheets cannot offer the efficiency that automated expense software does. Here’s a look at

The majority of employee spending that happens while on a business trip is easy to track, review, and approve in an expense report. Some cases such as taking clients for a dinner or purchasing some products required to get the job done – all these can be easily tracked with

The expense approval process itself is a lengthy and time-consuming one; no employee would like to have any surprises in between that delay the process further. In fact, there are some scenarios that may delay the reimbursement process such as absence of your approver. This is one of the common

From SMEs to MNCs, every business incurs expenses and operational expenses are a part of everyday business. Knowing where to start to cut expenses is the key. Most companies allocate some portion of their annual budget to travel and entertainment expenses. As this is one of the biggest spend for

Majority of the times there will be errors in expense reports; they may be due to employees reporting in a rush or in ignorance. Most times they report transactions here and there or get the numbers wrong because of receipt loss. In a few cases, employees involve in malicious practices