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"More than 45% of businesses still use a manual-based expense reporting system in Asia Pacific"

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.

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What is data visualization and how to use it?

Data visualization is the representation of data or information in a graph, chart, or other visual format. It communicates relationships of the data with images. Today, information is better absorbed if it is presented in the form of beautiful diagrams and graphs. So, why is it important for companies to use data visualisation techniques and how to use it - that's what we'll talk about.

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OCR as a solution to avoid manual document entry

How many times have you been forced, in your company's accounting, to manually enter data from an expense report on your computer? With a valid detection rate of 99% according to the Researchgate study published in 2017, Optical Character Recognition can change your daily life: here's how this revolutionary business process works.

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Why is cybersecurity important for your expense management operations?

As digitalization becomes our new reality, more and more companies are adopting modern technology, such as expense management software. Expense management software holds data like employee names and details, corporate credit card information, transaction statements and financial history. You can see that the tool is equipped with a lot of useful and sensitive data. Therefore, companies should be careful when choosing the solution. This step should be taken to identify and assess risks that could potentially expose your system to cyberattacks. So, why and how your expense management tool should be secured from data breach?

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Why is Business Intelligence a strategic topic ?

As it is already noticed by everyone,  we are currently in the period of another digital revolution, which is driven by data – generated and processed in huge quantities. The value and role of Business Intelligence increase as the importance of data grows. Data is being more frequently taken into account when making decisions and handling business processes as in medium companies as in big enterprises. 

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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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