How Automating Invoice Processing can be a Shot in the Arm for Hospital Finance Teams

by Ali Mast

How Automating Invoice Processing can be a Shot in the Arm for Hospital Finance Teams

Hospitals typically receive a quarter of their invoices outside the PO system - often from smaller, local vendors. Processing these invoices manually can take thousands of hours and cost tens or hundreds of thousands of dollars each year. What can hospitals do to streamline these processes and reduce administrative costs.

Accounts Payable, Invoice Management

Why your Expense Policy Should Follow your Business Travelers (Not Just the Other Way Around)

by Tim Wheatcroft

Why your Expense Policy Should Follow your Business Travelers (Not Just the Other Way Around)

How often does your organization's expense policy get updated, and how does it address innovations in travel and travel technology? In order to keep your employees satisfied, you should ensure that your policy stays abreast of emerging travel trends.

Expense Management, Expense Policy

Why is Mobility the Foundation of Effective Expense Management in Construction?

by Stephen White

Why is Mobility the Foundation of Effective Expense Management in Construction?

The construction industry is more exposed to economic ebbs and flows than almost any other sector of the economy. As a result of this position, construction companies must ensure that they carefully maintain cash flow and cost control, even during boom periods. How can employee expense automation solutions help this?

Expense Management, Expense Reports

The Cost-Control Benefits of Analytics in Expense Management

by Tim Wheatcroft

The Cost-Control Benefits of Analytics in Expense Management

Expense report software solutions can create huge volumes of data on employees' business travel spend. How can organizations use this to make smarter decisions?

Expense Analytics and Reporting, Expense Fraud, Expense Policy, Expense Reports

7 Reasons Why the Finance Team Should Push for Expense Management Software

by Tim Wheatcroft

7 Reasons Why the Finance Team Should Push for Expense Management Software

While there's no denying that automating end-user processes and enabling hassle-free mobile submission of expense reports provides major ease-of-use and time-saving benefits for business travelers, the ROI that these benefits deliver is often dwarfed by the impact that expense automation has on the finance function.

Accounts Payable, Expense Management, For CFOs

Business Travel in the iPhone Age: Lessons Learned and Future Strategies

by Tim Wheatcroft

Business Travel in the iPhone Age: Lessons Learned and Future Strategies

It’s a little over 10 years since the iPhone was launched. Many things have changed in the business travel world since then, but few have had as much of an impact on travelers' productivity as the ubiquitous mobile phone.

Business Travel

Chrome River and Lyft Launch Integration for Even Easier Business Rides

by Tim Wheatcroft

Chrome River and Lyft Launch Integration for Even Easier Business Rides

Chrome River and Lyft are making it even easier for business travelers to create expense reports.

Chrome River, Expense Management

Creating and Enforcing Expense Policies: The Happy Medium for Cost Control and Employee Satisfaction

by Julie Roy

Creating and Enforcing Expense Policies: The Happy Medium for Cost Control and Employee Satisfaction

Corporate travel and expense policies have long been a hot-button issue for HR departments. On one side are traveling employees, who want to be able to choose the airlines and hotel chains where they have high status, or select flights and lodgings that are more convenient for them. On the other side are CFOs and corporate controllers, whose primary focus is to manage costs and minimize unnecessary spend. While these may seem like two groups that will never find common ground, a combination of reasonable policies, intelligent enforcement, and smart technology tools can keep all parties happy.

Expense Management, Expense Policy

Why the Manual Invoice Processing Model Is Broken (And How to Fix It)

by Tim Wheatcroft

Why the Manual Invoice Processing Model Is Broken (And How to Fix It)

Every organization’s finance team knows that controlling supplier costs is critical. However, one area that many organizations have yet to address is the actual cost of the invoice management and processing function.

Accounts Payable, For CFOs

6 Reasons for Implementing an Expense Management System

by Dave Terry

6 Reasons for Implementing an Expense Management System

Forty-six percent of respondents to a recent survey said they still submit their expenses manually - stuffing their pockets, wallets and briefcases with wrinkled receipts. These bunched up pieces of paper then get stapled to printed spreadsheets that must be typed up, listing every detail of every item, and then mailed to accounting departments. In an era where the majority of business functions have been automated, expenses are one of the few areas that still involve an excessive amount of manual processing.

Expense Management
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