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 […]
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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 »
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 receipts and your colleagues can
Delegate & Alternate Approvers Make your Expense Reporting Workflow Easy Read More »
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 is one key area for
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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 and size. The following are
3 Ideal Ways to Effectively Manage Expenses for Small Businesses Read More »
Expense report software is used by most companies to manage and audit business expenses. As technology continues to grow, the tool helps businesses manage employee expense reports efficiently. Growth patterns As per the recent forecast by Technavio, the expense report software market will grow annually at a rate of 6.96% and 7.70% respectively between 2016
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To stay on the top of cash flow and plan your spending effectively, it is essential to make informed decisions. When you automate expenses, you will end up with valuable data on various areas. This data will help you get a clear and accurate view of the company’s spending so that you can plan better
Putting Expense Data into Action Read More »
At SutiSoft, we regularly keep updating the business productivity solutions we offer. In this post, we will list out some of the latest updates to SutiExpense, our leading online expense report software solution. FOREX Advance Organizations around the world offer cash advances to their traveling employees to take care of miscellaneous expenses. Now, employees might
Latest Updates to SutiExpense Read More »
Expense management is not just about employees preparing expense reports, gaining approvals, and getting reimbursed. There is a lot that goes in the background – analysis, forecasting, auditing, and so on. Organizations around the world are not just satisfied with the initial verification, which sometimes happens just at random. Not all expense reports are checked
Expense Software Makes Auditing Easy Read More »
Expense reporting need not be a tiresome and time-taking process. From optical character recognition to e-receipts to automated approvals, expense report software comes packed with features that automate expense reporting and makes it easy for all the stakeholders. Here’s how some of these automation features work: Optical Character Recognition Ever wasted time keying in data
OCR and E-receipts – Automating your Expense Reporting Read More »
