Choosing The Best Expense Management Solution For Your Business
If you’re reading this, it’s likely you’re looking to upgrade your expense management solution or at least considering it. Although the advantages of doing this are numerous and obvious, we’ll start by pointing down some broad business benefits of upgrading your expense management solution. We’ll talk about some questions you need to answer about your business to decide what features matter to you and what don’t. We’ll then take you through a thorough list of features you should ideally be looking for in an expense management solution. We’ll also answer some questions regarding what vendors and solutions to avoid. Finally, we’ll walk you through an ideal solution, and how to get it. Let’s dive in! Conviction for Upgrading Your Expense …
Expense Management Automation – The Missing Piece In Startups
Why you don’t automate expense management What are the first three things you would expect a startup to do after raising a round of funds? Let’s think of the first 10 things instead, and we still don’t have expense management in the picture. Why? Expense management refers to the systems deployed by a business to process, pay, and audit employee-initiated expenses. These costs include, but are not limited to, expenses incurred for travel and entertainment. [source:Wikipedia] Nothing fancy, right? Expense management has always been a peripheral business activity, and inherits a notion of being a manual, frustrating process. Owing to this notion and the nature of process, expense management stays overlooked in most organizations. Further, the idea of expense management …