When it comes to understanding how to survive an audit, you’ll discover it really isn’t all that difficult. Granted, not many people out there enjoy being audited, but more and more businesses are adopting audits as a way to keep costs down and to make sure there is compliance with various regulations, both local and federal.Expense Management, For CFOs
Some businesses fail to see the benefits of travel expense management. They feel that their employees are on the straight and narrow and don’t believe they need to spend any time or effort dealing with travel expense management. Some of these businesses believe they are too small to benefit from this kind of expense management, but no business can afford to ignore any potential area where money or time might be lost.Expense Management, Expense Reports
Recently I had to self-impose an “unsubscribe” blitz on my emails in order to eliminate the continuous bombardment of reward card promotion and offer “spam” from hotels, airlines, supermarkets and stores where I had taken the bait of signing up for the dream of accumulating points or miles.Business Travel
Anyone involved with business knows the best practices for expense management are the ones that require the least effort. When a practice is too complicated or too time-consuming, business owners have found their employees tend to be lax in making sure they are following procedure.Expense Management, Expense Reports
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 Management, Fraud
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
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
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
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 Management, Expense Reports, Fraud
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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.