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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one of the most significant business functions, companies still rely on a manual expense reporting process that is outdated and cumbersome. With the help of Automation, an organization can seamlessly handle the expense management process, thus saving time and effort. …

Manual vs Automated expense management: Know the difference Read More »

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 …

Getting audit-ready with effective receipt management Read More »

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 …

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

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 …

The definitive guide to managing petty cash advance in 2022 Read More »

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, but in your case, your very survival depends on it. Honestly, it can be daunting to get every employee to provide accurate business expense reports …

Why does your startup need an expense management solution Read More »

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 ensure that most employees comply with the established T& E (travel and expense) policies.  This reduction in incorrect expense claims shouldn’t be taken lightly.  Fraud …

How Can You Get the Most Out of Your Expense Policy? Read More »

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.  When a company invests in powerful software with expense analytics that can automatically track employee spending, analyze the data, and provide the management with powerful …

How expense analytics can help your business —Top 5 Ways Read More »

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 50$.” “Mark flew out for the director’s meeting after paying 227$ for a flight ticket.” And so on.  In all these cases, the employees made …

Enhance Employee Productivity with An Expense Management Solution Read More »

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. To make matters worse, each of these expense management solutions has glowing reviews from a sea of seemingly endless customers. Now, how do you decide …

Choosing the Best Expense Management Solution Read More »

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 worries a company faces when reimbursing employees for travel and expenses (T&E). Approving expense reports is a manual and tedious process that ties up the …

Expense Reimbursements Are Hurting Your Employees and Your Business Read More »