The lack of accurate information is just one barrier to effective expense management. Using traditional methods such as paper and spreadsheets to process reimbursement requests can be a hassle. Traditional methods make the system inefficient and makes the process more complicated than it needs to be.The finance department is liable to record the most basic […]
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Stay On Top of Your Expense Reports with SutiExpense We’ve all experienced these, getting a move on a business trip, meeting clients, taking on projects, and then realizing your trip is over and your expense report is blank. You rethink your expenses and shoebox all your receipts. Creating expense reports can be tedious and time-consuming,
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Corporate travel is one of the uncontrolled areas of business spending and it is important for any organization to control total costs. While cost control is important, it is critical to identify options that streamline processes and improve the efficiency of the business process. Automation for Complete Control Organizations that tend to control and track
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Automating travel and expense management can reduce costs and improve productivity, but having an effective travel and expense (T & E) policy in place can help cut overage expense claims. Digitizing travel and expense reporting processes will not only make life easier for managers and employees but also enables organizations to take a deeper look
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Evaluating your current expense reporting system and scrutinizing the processes will help you determine whether the expense report software meets your business requirements. As your business evolves, it is more important to find more productive ways to run your business successfully. Refining business procedures should be done on a regular basis to make business more
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In travel and expense management, employees may engage in various fraudulent activities. You have to understand various types of fraud in order to combat how it is occurring. Reimbursement for Same Expenses When an employee sends reimbursement requests for the same expense multiple times, the audit department will find it difficult to identify such expense
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It is clear that business travel is the key to organizational success but involves a lot of complexity while managing the process. Apparently, US companies are spending around $290 billion dollars on Travel & Expense (T & E) every year. Corporate travel has become the core piece of any company, but organizations should have a
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Are you falling behind in your expense management? Erroneous manual processes will take up a lot of your finance department’s time. Automated expense management solution is what your business needs to gain control over spending. Businesses of all sizes have expense reports and need to have a system in place to monitor spending. Spreadsheets replaced
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In any company, there is a chance of fraud if there is any type of employee reimbursement program. So, how do you fend off fraud before you get a handle on an expense management program? Go Apps There are apps for anything and everything in between, from transportation to booking hotels. While applications make life
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If you are reading this, maybe your employee expenses are taking a toll on your business. Thinking about your business financial health is very important, but it isn’t enough to just see where your employees are spending. Tracking your spending on a regular basis will help you get an accurate picture of where your money
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