Learn the best ways to manage your expenses | Expense Management

Posts about Expense Management

How to Set Up a Travel Expense Policy for Your Business

If your business plans on traveling for work, it's essential to have a travel expense policy. This will ensure that everyone knows the rules and procedures for submitting expenses. In this blog post, we will provide you with a travel expense reimbursement policy template that you can use for your business. We will also discuss some of the critical components of a good travel and expense policy.

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Essential Features You Should Look For In An Expense Report Application

Traditional expense accounting and management is often a multi-step, manual, and time-consuming process. From gathering receipts to completing the required paperwork to applying for reimbursement, the process can be lengthy for employees. In some cases, it can take weeks for an employee to make and submit their expenses and then receive approval and reimbursement. That’s why more and more companies are switching to digital solutions. But how do you choose the right expense management tool? What are the must features you should know about? Let’s discover it in this article!

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How To Speed Up The Reimbursement Of Your Employee's Expenses

It's no secret that the reimbursement process for employee expenses can be slow and cumbersome. Employers have to worry about collecting receipts, verifying expenses, and getting the reimbursement check to the employee in a timely manner. But with a few simple changes, you can speed it up and make it more efficient for everyone involved. In this article, we'll outline some of the best ways to do just that.

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5 Best Expense Management Practices

As governments in many parts of the world ease Covid-19 restrictions and more employees return to the workplace, businesses must adjust quickly to the massive shift in expectations. The pandemic fast-forwarded remote work and digitalisation trends, and staff now look for more support and transparency from their company. Forward-looking organisations recognise that establishing smooth, technology-driven processes is essential to creating a productive, positive employee experience and efficient, more sustainable business operations.

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Why do businesses need a centralized expense management dashboard?

Introduction to an expense management dashboard Traditional manual expense reporting can be a time-consuming and error-strewn drain on resources for businesses of all sizes. The process of setting up expense reports, entering data into spreadsheets, and attaching receipts is typically laborious and inefficient - bringing the benefits of outsourced third-party software into sharp focus for businesses.

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Reasons for choosing a smartphone app for your expense management

Today, in our digitalization age, automation and cloud technology are changing the way companies do business, the last year and a half more than ever. That’s why now more and more companies stop keeping a manual book record of their expenses and switch to cloud & data-based expense management software. This solution is always supported by a smartphone app, which will positively impact the way you manage employee expenses as well as your bottom line. Below are some of the most notable benefits you will experience with the use of a mobile expense management app.

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