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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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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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Why Aren’t Your Employees Filing Expenses on Time?

Many companies struggle with the issues of timely expense submission. Employees are often slow to file expenses, causing frustration on the side of finance managers. Based on various studies, a single expense claim can take up to 20 minutes to file, including filing approval and review. On top of that, 19% of claims are filed incorrectly and it can take, on average, another 18 minutes to fix those errors, causing significant delays in the reimbursement process. A Conferma report showed that 2 in 5 employees have experienced their own cash flow issues due to slow reimbursement processes.

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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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When should you consider hiring a fractional CFO ?

A fractional or as it is also called, an outsourced CFO (CFO) is a person with CFO experience who assists organizations with their financial tasks on a part-time basis, either on a fee basis or usually on a contract basis. This is different from an interim CFO, who is usually hired full-time for a period of time to fill the gap until the position is hired on a fixed basis.

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