What Makes People Commit Expense Fraud?
An estimated 5% of business travellers commit expense fraud. But what makes them do it? Is it just that the temptation is too much to resist, or that they bear a grudge against their company. Our survey revealed some interesting findings.
Expense Management, FraudHBR Research: How to Use Data to Protect Your Corporate Travel Culture
How can organisations protect their travel culture and insulate their budgets during times of economic uncertainly. Harvard Business Review analyzes industry data and talks to leading experts in the field to develop best practises that are a must-read for every finance or corporate travel leader.
Expense Analytics and Reporting, Expense Management10 Things to Look for on Your Expense Management Shortlist (And Why Chrome River Needs to Be on It)
Your old expense processes simply don’t support your organisation’s existing needs, so you’ve decided that it’s time to search for a new expense management solution. Whether it’s finally moving from soul-crushing spreadsheets, or freeing your company from the shackles of a clunky old system, you need to be sure that the solution will support your organisation’s needs today and for years into the future. Here are 10 key reasons why Chrome River needs to be on your shortlist:
Chrome River, Expense ManagementHow I Did It: Eliminating the Risks of Paper-Intensive Expense Processes
The University of New Mexico upgraded its expense claims to Chrome River in 2016. In this guest blog post, Lorrie Black, a senior business analyst at UNM, discusses how the university’s decision to move to Chrome River from a home-grown system reduced risk and increased employee satisfaction.
Expense ManagementHow I Did It: Reducing Administrative Time to Devote More Resources to Our Core Mission
Northeast Treatment Centers is a Philadelphia-based non-profit which provides a continuum of trauma-informed behavioural health and social services designed to meet complex needs of all family members. In this guest blog post, NET’s Controller, Robert Ferrandino, and Accounts Payable Specialist, Teresamarie Morris, explain how Chrome River’s expense and invoice automation solutions let business flow by enabling the finance team to focus on high value activities.
Expense Management, Invoice ManagementAvoid Becoming the Next Victim of Invoice Fraud
It was recently revealed that a sophisticated invoice fraud scheme extracted more than A$150 million from two of the world's largest companies. What steps can AP teams take to avoid their own organisation falling victim to scams like these?
Fraud, Invoice ManagementLeverage AP Automation for the Perfect Match
By integrating your PO data, you can match your invoices in your AP automation system to your ERP’s PO data – and more importantly, systematically identify when (and what) line item data does not match. Learn how this can be done and how it can be used to drive compliance in the AP process.
How Manual Expense Reporting is Killing Your Finance Team’s Efficiency
Manually attaching receipts to spreadsheets is a real drudge for business travellers. However, their frustrations pale in comparison to those of the finance team, who have to navigate cumbersome approval workflows, enforce confusing T&E policies, and spend hours manually entering data into their accounting system.
Expense Management, Expense ReportsWhat do Expense Professionals Expect to See in 2019 and Beyond?
At Chrome River, we are interested in what’s next for the expense automation industry. To find out where our customers see the world of corporate expense management going, we asked them what their number one prediction is for expense management in 2019.
Expense ManagementHow I Did It: Building an Integrated Card and Expense Program
Cleveland, Ohio-based Dealer Tire manages replacement tire and parts programs for more than 20 automotive OEMs in the U.S. and China. In this guest blog post, Mary Hayat, Dealer Tire’s director of accounting, explains how the company lets business flow by building an integrated card and expense program.
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.