Learn the best ways to manage your expenses | Expense Management (2)

Posts about Expense Management (2)

How to Track Your Small Business Expenses in 4 Easy Steps

Sometimes it is a real struggle for many small businesses to keep operating costs under control. In fact, paying operating expenses was the most common financial problem identified in the Federal Reserve's Small Business Lending Survey, with 47 percent of business owners saying they would be forced to use personal funds if revenue was not received within two months.

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How Finance Digitization Transformed Roles in a Company

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.

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Data Visualization: what your Excel-sheets don't do!

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.

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How can companies control travel expenses?

After facing the pandemic situation the economic crisis is raging, it became clear for companies  to reduce the budget related to employee's travel expenses - both for sanitary and budget reasons. However, one must be careful as this charge revision must not have negative consequences on the operational efficiency of the company. So, how can this be done? Jenji gives you a few pieces of advice: 

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5 Things you must consider if you want to grow your business

Business growth means a lot of growing pains for a reason. You start having headcount, overseas expansions but the point is your business is getting bigger, which means more responsibilities, changes and of course spendings. So how can expense management solutions help you in this case? Is there more you could be doing to drive additional data and money into your expansion strategy? Is there a way to soften those pangs of progress? 

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