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Business travel demand has picked up steadily after the pandemic, leading to companies having more expense claims to process than ever before.  While the rise in business travel demand may signal that your employees are getting more productive, it is also worth noting that that means more work for your finance team and management.  Employees …

80% of business travellers want mobile-based expense reporting. Here’s why Read More »

Business consultants are constantly on the move. They fly frequently, attend expensive dinners with clients, and even spend in multiple currencies. Despite all these unique challenges in managing business travel expenses, the finance teams of consulting firms haven’t evolved past using spreadsheets and processing reimbursements by verifying individual receipts manually. The challenges of handling expenses …

Why consulting firms need an expense management solution Read More »

Typically, employees who travel for business purposes submit reports for the miles / kilometers driven to the finance team. The finance team then verifies the reports manually and approves the reimbursements. Even though the process is straightforward, many things can go sideways. Employees may submit fake receipts, the finance team may not be able to …

Why businesses need to implement mileage tracking software for their employees Read More »

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 foster creativity with a global workforce. There are numerous advantages for both employers and employees, but it will also bring new challenges like time zone …

How to manage expenses for the remote workforce of 2022 Read More »

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 expenses with well-defined practices and policies that optimize the way employees’ book for business travel.  Making corporate travel savings might sound like a challenge – …

6 Ways to Slash Your Business Travel Expenses Read More »

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 in the excel spreadsheet. With a modern expense management system, your employees can snap a picture of the receipt, upload them to the digital vault, …

Five undeniable benefits of choosing an expense management solution over spreadsheets Read More »

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 at what’s causing the reimbursements to be processed days or weeks after an employee has submitted a receipt or an expense report.   Now, how can …

How to get speedier reimbursements with automated expense management software Read More »

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 invest in streamlining their Travel and Expense management. Businesses can no longer rely on manual and legacy systems for expense management. Moving forward, automated solutions …

Top 6 trends that will redefine the Expense Management Industry in 2022 Read More »

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 and reevaluate the various expense management strategies that they have in place to keep business travel expenses in check and prevent fraud.  Notably, they need …

7 Key strategies for CFOs to Gain Control of Expense Management Read More »

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 are more vulnerable to employee fraud when compared to large organizations because they lack the resources or technology to implement complete systems of internal controls. …

Top ways to secure your business from employee expense fraud Read More »