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 some areas where spreadsheets are […]
Spreadsheets Vs. Expense Report Software Read More »
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 help of receipts. If
Out of Pocket Expenses – To Consider or Not To Consider? Read More »
Getting the best deals, booking the flights and stay – all of these come to your mind when you think of business travel. You have to look in a number of booking portals to get the best deals, save your itinerary details and then send them to your approver for review. This is a time-consuming
Travel and Expense Integration – How Does It Benefit You? Read More »
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 scenarios that most employees experience;
Customize your Approval and Expense Report Submission Process in a Hassle-free Way Read More »
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 businesses, it is worth watching
Reimbursements Made Simple with Expense Report Software Read More »
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 such as intentionally submitting fake
Corporate Credit Cards for Combating Expense Fraud Read More »
Undoubtedly corporate travel space has gained significant traction over the past few years. There is a strong correlation between professional and personal life, which is a major driver of corporate T&E management. A recent report revealed that there are three distinct trends that are shaping the face of T&E management. Mobility Most travelers are demanding
What’s Driving T&E Software – A Quick Glance Read More »
Defining an expense policy requires you to balance the fine line between cutting down unnecessary costs and setting a policy that is reasonable for employees and managers. Creating a sloppy policy will end you up with increased travel costs; on the other hand, a stringent policy will result in impractical limitations, unhappy travelers and increased
Creating an Expense Policy that Helps Read More »
Like other business tools, an expense management system should make everyone’s job easy. Travel managers have certain requirements that a T&E solution should meet. Your business requirements can be met if you choose an expense solution that has the following five features. Intuitive interface Travel managers are responsible for providing training for employees, and hence
5 Essentials of Expense Management Solutions Read More »
Are you sure your employees are complying with your corporate T&E policy? If you are unsure, this is the right time for you to act seriously as non-compliance with your corporate T&E policy will result in many problems over time. Besides considering expense management software, the following are a few steps you have to take
Important Checks to Prevent Your Travel Expense Management from Going Out of Control Read More »
