expense report

Corporate travel has become a necessary expense for many organizations. Employees need to travel to different parts of the world to meet clients and participate in business meetings and trainings. This helps a lot for business expansion and growth. Companies are dedicating a significant part of their annual budget for business travel. It is important […]

Almost every organization has to tackle expense reporting. Establishing and implementing an expense reporting process can be a difficult task. While automated expense reporting software can offer strong controls for better expense management, a comprehensive view on internal controls and audit procedures help develop an effective T&E process. All employees should be aware and have

Expenses occur in every part of the business. Without proper insights and involvement spending can go out of control. One of the best ways to stop over-the-limit expenses or to empower employees to spend on behalf of the organization without losing control is to establish business expense policies. Spend strategies will guide you in setting

There are a lot of reasons that explain why business travel is gaining a lot of importance these days. Business expansions, on-site projects, and client meets are some of the reasons for employees to plan for business travel. Though you have some policies in place, you can’t assure whether all the expenses are in line

Traveling on business trips is one of the key areas where organizations are more vulnerable to fraud. When your employees are on a business trip, they may commute to a number of places that include both personal and business purpose. So, how can you figure out whether your employees are raising requests for their personal

Expense management refers to the process of managing expenses incurred during the course of work. For instance, you may be involved in overseas business travel to enhance client relations or your brand. All the expenses related to business trip needs to be reported, processed and reimbursed. Payment will vary with cash, personal credit cards, and

The potential problems associated with the manual expense reporting process are many, the biggest being the time and effort required to complete the expense reports, process it, and enter it for payment. By using advanced technology, organizations can substantially improve and streamline employee expense reporting. Expense report software automates everything, from report creation and approval

According to the Chrome River Survey, expense fraud costs around $2.8 billion per year to US employers. On average, $2448 worth of fraud is being claimed by employees each year. Who Commits Fraud?   Reportedly, 73% of men and 27% of women commit fraud. Companies with more than 390 employees are more vulnerable to fraud. More

With hundreds of files loading in your system, it has become extremely difficult for finance department to compile every reimbursement document. As each file comes in a different format, importing all the data file formats into one accounting system is a challenge. Once the formatting is done, accountants have to review the files and start