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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 […]

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

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

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

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

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

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

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

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

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