Month: January 2022

Managing receipts to ensure your team is audit ready

Getting audit-ready with effective receipt management

Paper receipts from business travellers are one of the biggest hindrances that any finance or accounting team can face. The receipts are hard to track, manage, and retrieve when needed, making it one of the main reasons why companies struggle to become audit-ready on time.  It is worth mentioning that failing to produce the relevant …

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Signs your company needs expense management

Clear cut signs your company needs an expense management solution right away

Companies often underestimate how much they need an expense management solution.  Usually, the realization strikes when they face massive piles of tax documents with unaccounted expenses resulting from years of handling travel and expense (T&E) spending with spreadsheets or legacy software and relying on paper receipts that can be easily duplicated or misplaced.   Don’t let …

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The definitive guide to managing petty cash advance in 2022

Cash advances have become one of the most common ways for employers to fund the business travel operations of their employees, including utilities, local transport, and daily meals. However, managing cash advances has turned out to be a massive problem for the accounting team due to the multiple business meetings, travel spending needs, and projects …

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ExpenseOut Case Study - How A Prominent Microfinance Firm Boosted Policy Compliance By 50% In Employee Mileage Claims

How to boost accuracy in employee mileage claims by 50%: Case Study