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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, […]

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

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

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

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.

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one of the most significant business functions, companies still rely on a manual expense reporting process that is outdated and cumbersome.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.

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

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

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

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