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How Business Process Automation Reduces Operational Costs Without Sacrificing Control
Reducing costs is one of the biggest reasons for a company to implement Business Process Automation (BPA) software. Automation lowers labor costs, cuts down on costly errors, speeds up financial processing, and streamlines workflows. It’s an efficient method for managing […]
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The Best Ways to Simplify Your Expense Reports
Travel and entertainment or travel and expense (T&E) payments account for up to 12% of many companies’ annual budgets. For most companies, managing these expenses involves employees submitting receipts and filling out reports, and then other employees laboriously processing those […]
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Here’s How BPA Software Can Help Your Company Manage All Types of Expenses
Managing expenses is a key aspect of maintaining a company’s financial health. There are several different types of expenses. A few examples include capital expenses for major projects, day-to-day operational expenses, and employee travel expenses. These different types of expenses […]
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5 Ways to Increase Employee Satisfaction with Automated Expense Reporting
Expenses are part of running a business. When a company lets employees make business purchases on behalf of the company, the expense reimbursement system provides a way for the company to pay back employees for those expenses. When the travel […]
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5 Ways to Use Travel and Expense Data Strategically
How do you use the data you’re collecting about travel and expense (T&E) in your company? Just about every company needs a way of managing reimbursements for travel and other expenses. This process generates data related to T&E, but companies […]
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Getting Ready for Increased Business Travel with a New Expense Management System
All companies need methods for handling reimbursement of employee expenses. For small companies, this is typically a simple system. Employees save their receipts, and the business issues a payment. As a company grows, though, managing expenses becomes more complicated. For […]
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Increase Security With Flexible Payment Solutions
Even before the pandemic, many companies started outsourcing business-to-business (B2B) payments in an effort to cut costs and focus on core business functions. Since the pandemic accelerated many companies’ digitization, the need for digital payment management has only escalated. Outsourcing […]
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How Automated Expense Reporting Makes T&E Easier for Everyone in 2022
Even though the pandemic cut down on business travel, it didn’t get rid of the need for employees to submit expense reports. If you’re like many companies, you may have needed to revise your expense policies to cover work-from-home expenses. […]
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What Can The Finance Department and HR Learn From Each Other About Balancing Short- and Long-Term Goals?
At first glance, it might not seem as if the departments managing company finances and those managing employees have much to do with each other. Isn’t there a big difference between balancing a budget and retaining employees? Or between managing […]
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The Superpowers of Business Process Automation Software
Are your business processes in need of rescue? If yes, the superpowers of business process automation are here to save the day. When you’re struggling with clunky automation, expensive processing, out-of-date software, and similar issues you could use a superhero. […]
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Is There Expense Report Fraud Hiding in Your Company? Here’s How to Detect and Prevent Fraudulent Reimbursements That Will Cost You Money
All businesses want to reward and compensate their employees for their hard work. Part of that involves an expense reimbursement policy that ensures employees are not stuck paying for any work-related expenses on their own. Unfortunately, sometimes employees will try […]
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CapEx and OpEx. Balancing Capital and Operational Expenditures.
Capital expenses (CapEx) earn plenty of attention. They’re typically large expenses that play a key role in the company’s future. As such, they require careful budgeting, planning, and management. Capital expenditure also more complicated in terms of taxes since CapEx […]
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