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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?  Companies that are still reliant on manual expense management processes don’t have to imagine. The nightmarish scenario that we described is a reality for them …

How Automated Expense Management Benefits Your Finance Team? Read More »

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 where they are and how productive their day has been. It is even more important to check whether they report expenses, mileage, and time spent …

Is your employee on the move all the time? Track your employee location and productivity through ExpenseOut. Read More »

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 the other hand, it is often difficult for employers themselves to record these expenses since they must manually submit their expenses along with old receipts …

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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 these expense reports is a cumbersome and time-consuming task. The arrival of expense management solutions has made it possible for the automatic generation of expense …

Here are the top 7 ways a comprehensive expense report can help Read More »

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 expense management solution ensures greater and complete control of the expenses. Expense management deals with integral component modules out of which smart receipt generation and …

Learn how a smart receipt and tracking system helps in managing the expenses of your business. Read More »

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 into losses. But situations like the one we are in are quite rare, and it is improper planning that often causes companies to overspend.  To …

Why are companies increasingly opting to purchase an expense management solution? Read More »

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 to adjust the way they work to survive. Likewise, for most employees now working remotely, corporates have started to redefine policies that may previously have …

How can expense management system benefit corporate during a crisis? Read More »

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 reimbursement claims made by employees.  To give you a picture of the gravity of the situation, here are just a few of the types of …

How to prevent expense reimbursement fraud? Read More »

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 expos, client meetings, team-building trips, etc.  Normally, when a trip is planned, three things happen. This may sound simple, but the process of tracking and …

Why do companies need a travel expense management solution? Read More »

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 circles. This is because the hike in service tax will raise the price of flights, cabs, hotels, and food, which are all unavoidable when it …

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