Cash-strapped Postal Service Probed for Travel Expense Waste

by Connie Moser

Cash-strapped Postal Service Probed for Travel Expense Waste

Most of us already know that the United States Postal Service is in grave financial trouble due to people communicating more through email, and it is no surprise that runaway travel expenses are also contributing to their huge losses. The agency lost an estimated $16 billion last year, and part of that was more than $1 million in over payment of travel expenses. An expense management software with automated controls, real-time receipt visibility, and built-in expense rules that are automatically enforced could have curtailed the majority of this abuse, helping to cut Postal Service costs.

Business Travel, Expense Fraud, Expense Management

3 Tips to Successfully Manage and Control Employee Expenses

by Laura Brady

3 Tips to Successfully Manage and Control Employee Expenses

Managing employee travel expenses can increase the productivity of your employees and can increase management’s visibility into expenses in a timely manner. Below are three ways to help control and manage your expense reporting process.

Business Travel, Expense Management, Expense Reports

Three Tips for Making Business Travel Easier

by Anne Becknell

Three Tips for Making Business Travel Easier

You don’t have to travel every week to be considered a “road warrior.” Anyone who travels for business on a regular basis will probably agree with the following three tips. And if you are new to the traveling regimen, you might benefit from these nuggets of wisdom.

Business Travel, Expense Management

Should New Year’s Resolutions Include a New Expense Policy?

by Connie Moser

Should New Year’s Resolutions Include a New Expense Policy?

With the New Year rolling around, companies are looking at ways to make 2013 more profitable and efficient. It’s the time of year when you might be wondering what sort of New Year’s resolutions to make regarding your business.

Expense Management, Expense Reports

8 Egregious Expense Report Abuses

by Dave Terry

8 Egregious Expense Report Abuses

It seems like there are some people who not only take their expense accounts for granted, but also flagrantly misuse them to the extent that it’s fraud. Read about some eye-popping expense reports that baffle the mind – as in – what were they thinking?

Expense Fraud, Expense Management, Expense Reports

3 Ways Your Employees Can Reduce Travel Planning Time

by Connie Moser

3 Ways Your Employees Can Reduce Travel Planning Time

The tedious work of travel planning can make even the most excited employees groan in misery. The planning checklist for a business trip is much more involved than the average person may think.

Business Travel, Expense Management

Empower Employees with Mobile Solutions to Improve the Bottom Line

Empower Employees with Mobile Solutions to Improve the Bottom Line

Now that there is an app for nearly every conceivable function, companies have realized that their second largest expense, travel, can be fully automated – bringing a new level of insight, analysis and negotiation to the ubiquitous expense report. Gone are the days of paper, calculators and spreadsheets for the tedious yet mandatory task of reimbursement. In their place are flashy smartphone apps that track the traveler’s location and purchases and create expense transactions automatically. These mobile solutions are linked to cloud-based expense management systems that provide immediate feedback to the employee when policies have been breached. They also provide high-visibility notification for approvers when compliance conditions are not met, allowing firms to exert greater control over their operating expenses to adhere to client requirements and firm policies. Requiring employees to manually complete expense reports, which not only wastes time but also drives up costs through lost productivity and increased staffing, is no longer a viable option. In today’s economy, it’s either increase productivity or suffer reduced profitability.

Accounts Payable, Business Travel, Expense Management, Expense Reports, Invoice Management

Learn How Big Companies Streamline AP Automation and Expense Reporting

by Connie Moser

Learn How Big Companies Streamline AP Automation and Expense Reporting

Those big guys have it made. Large companies have the ability to invest in consultants and analysts to streamline their accounts payable (AP) and expense reporting processes so they can process much more volume in a short amount of time. If only there were ways for small and medium-sized businesses to take advantage of the same capabilities. It would level the playing field and more than likely reduce some operating expenses in the process.

Accounts Payable, Expense Management, Expense Reports

8 Key Tips for Business Travelers

by Frank Davis

8 Key Tips for Business Travelers

After many years as a road warrior, I have noticed that I’ve developed patterns and routines in my business travel to help maximize my efficiency and minimize my stress. If you asked my wife, she might just chalk it up to my being OCD in nature, but these simple tips are now part of my business travel routine:

Business Travel, Expense Reports
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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. Sally Abella, Director of Corporate Travel Harman International
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. Ben Zastrow Zelle