Learn the best ways to manage your expenses (5)

ProwebCE: digitizing expense reports for greater efficiency  

We are delighted to announce new partnership with grown business services group Stone Forest, Singapore. 

In stark contrast to five years ago, sustainability and climate-change risks are very high on the corporate agenda these days. It has become a priority for enterprise communication and chief executives. So, we can see today how institutions increased their green commitments in 2020, compared to 2019. At a more granular level, in 2020, cumulative green finance commitments surpassed the $1 trillion mark since the Paris Agreement was signed. This is a major milestone, which materializes the ability to deliver on unprecedented flows of green finance. Adaptation finance continued to grow, increasing by 42% over 2019 and more than fivefold compared to 2016 to reach $27.5 billion. Here comes the questions: why is there a growing interest in green finance strategy and what does it mean for your company?

  Companies globally are missing out on USD20 billion of reclaimable value-added tax (VAT), also known as goods and services tax (GST). Yes – 20 billion US dollars. This money belongs to companies, so why would they forfeit refunds that tax authorities owe them? 

In 2021 a lot has changed in the world of SaaS. SaaS solutions are definitely taking over the world and penetrating all spheres of business. Jenji thought about it and produced a video series with five experts from the technology industry to share their experiences. Due to a series of interviews with  leaders and entrepreneurs, Jenji explored current tendencies in finance and technology, as well as what the modern workplace means for the people who occupy it.  Our goal was to look behind the scenes of the technology industry and see the real humans, who are driving the whole process and pursuing their dreams. 

According to Gartner, in the early 2000s, "digital" was among the top five priorities of executives for only 2.1 percent of companies surveyed, whereas today it is a priority for one in five companies. The percentage of companies with a digital strategy has increased from 62 percent in 2018 to 82 percent in 2019, Gartner confirms, estimating that 90 percent of today's companies have already experienced various types of disruption in their business models. And that's why we can see a trend that has been observed for the past several years: the digitization in finance.

You may not know, but organizations around the world lose approximately 5% of their revenue to employee fraud and occupational abuse each year. And while the scope of employee theft and position abuse cannot be understated, it’s important to act right at the core of this issue. That’s the only way to prevent occupational theft in the future. But how to recognize the fraud in your enterprise? Here are 5 signs that can help you with it! 

We all someday had the experience with Spreadsheets. And de facto the Excel spreadsheets have become the tool for data storage and analysis for many companies for decades. And while some companies interact on a weekly basis to crunch numbers and analyze data, other companies break this old habit of using excel spreadsheets for everything and switch to a different tool. But why? Find out in this article.

​​It is the one thing that rattles and distresses all employees - completing expense claims accurately so as to receive payments in due course. Expense management is critical to any business, large or small, and setting up a process in your organization is a key component of any business operation. 

Large corporate frauds have shaken both the private and public sectors in recent decades. The negative consequences of these frauds are significant, but difficult to quantify and measure. Their consequences are often financially and reputationally damaging to organizations and therefore not widely reported. 

Building a company is one of the most rigorous and rewarding experiences that someone can take part in. Unfortunately, though, most businesses don’t last more than a handful of years, and part of this is due to poor financial management.

We were delighted to give an interview for "FUTURECFO", a platform for the current and next generation of finance leaders and professionals. Our Head of APAC, Chee Leong Lee, explained how companies embarked on their automation journey in the thick of the pandemic. How COVID influenced the expense management system? Why do companies implement hybrid working models? How to transform your data into a profit center? This and much more you can find in the following article.