Remote work has become the new normal during and in the wake of the pandemic. More and more companies are hiring remote employees to save on overhead, improve flexibility, and...
Read More6 Ways to Slash Your Business Travel Expenses
Business travel is an absolute necessity to set up or expand a business. But with the rising fuel prices and pent-up travel demand, companies must have control over their travel...
Read MoreFive undeniable benefits of choosing an expense management solution over spreadsheets
When thinking about an expense management system, the first thing that comes to mind is the harried business travelers. They keep hundreds of receipts, manually entering all the trip details...
Read MoreHow to get speedier reimbursements with automated expense management software
Delayed reimbursement from companies is one of the most significant causes of frustration for business travellers. While the delays are not intentional, management, finance teams, and HR professionals must look...
Read MoreTop 6 trends that will redefine the Expense Management Industry in 2022
Business travel serves many functions and impacts a wide range of business objectives, from reinforcing sales to strengthening partnerships, training, customer service, and professional development. Yet many organizations fail to...
Read More7 Key strategies for CFOs to Gain Control of Expense Management
The COVID19 pandemic has posed an unprecedented challenge for CFOs to manage their company’s T&E spending. Given the gravity of the situation, it is time for CFOs to step up...
Read MoreTop ways to secure your business from employee expense fraud
According to the 2020 report by the Association of Certified Fraud Examiners, expense reimbursement cases account for 20% of fraud in small businesses and 13% in large organizations. Small organizations...
Read MoreManual vs Automated expense management: Know the difference
Travel & Expense Management is the second-largest controllable expense for many organizations. Despite it being one of the most significant business functions, companies still rely on a manual expense reporting...
Read MoreGetting 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,...
Read MoreClear 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...
Read MoreThe 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...
Read MoreWhy does your startup need an expense management solution
As a startup, you have your task cut out when it comes to handling finances. Just like every other business, you need to keep close track of your business expenses,...
Read MoreHow Can You Get the Most Out of Your Expense Policy?
An estimated 82% of employees lie or file inaccurate expense reports. While there is no way of preventing anyone from knowingly making false claims, companies can do a lot to...
Read MoreHow expense analytics can help your business —Top 5 Ways
Travel and expense (T&E) expenditures are among the largest controllable expense a company undertakes, so having a good grip on whether the money is well-spent needs to be a priority. ...
Read MoreEnhance Employee Productivity with An Expense Management Solution
An employee’s expenses can sometimes be a good indicator of their productivity. “John spent 5$ on gas for the business meeting.” “Karen had lunch with an important client and spent...
Read MoreChoosing the Best Expense Management Solution
If you are in the market for an expense management solution, you have a difficult choice to make. There are countless solutions claiming to be powered by the latest technology....
Read MoreExpense Reimbursements Are Hurting Your Employees and Your Business
According to the Association of Certified Fraud Examiners, expense reimbursements are responsible for 21% of fraud at small businesses and 11% at large businesses. But that’s not the least of the...
Read MoreHow Automated Expense Management Benefits Your Finance Team?
Imagine a situation where your finance team is spending excessive amounts of money processing simple reports, letting fraudulent expense claims go unnoticed, and unnecessarily wasting countless hours. Sounds scary, right? ...
Read MoreIs your employee on the move all the time? Track your employee location and productivity through ExpenseOut.
When you have employees on the field doing sales calls, site inspections, collecting payments from customers, or just about anything to do with the company, it is vital to know...
Read MoreHow to integrate Expense Management into your existing workflow
Expense management has led many corporates and businesses to boost their revenues and minimize losses. Typically, companies stand to incur huge losses if business travel expenses are recorded incorrectly. On...
Read MoreHere are the top 7 ways a comprehensive expense report can help
Expense reports are the records of expenses that any organization, business, or corporate incur. These expense reports are generated on a monthly, quarterly, or annual basis. The manual making of...
Read MoreLearn how a smart receipt and tracking system helps in managing the expenses of your business.
Smart receipt and tracking system implies the digital representation of the incurred expenses through easy scanning and report generation. The implementation of a smart receipt and tracking system in an...
Read MoreWhy are companies increasingly opting to purchase an expense management solution?
Managing expenses effectively is crucial for a successful business. Sometimes, this may not be possible due to unpredictable situations, such as the recent pandemic that has plunged many small businesses...
Read MoreHow can expense management system benefit corporate during a crisis?
The year 2020 has drastically changed the way we all work. Sweeping travel restrictions, social distancing, and changes in customer behavior due to the pandemic have forced the corporate houses...
Read MoreHow to prevent expense reimbursement fraud?
Given the vast amounts of money that companies are losing every year due to fraudulent expense claims, they must leverage the latest technology to identify fake expense entries in the...
Read MoreWhy do companies need a travel expense management solution?
As the world becomes more connected due to globalization, business travel is inevitable. Your company may need to spend money on a variety of travel expenses, such as international trade...
Read MoreImplications of hike in service tax on business travelers
Implications of hike in service tax on business travelers The service tax for business travel, which went from 12.36% to 14%, has been a topic of heated discussion in corporate...
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