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A typical organization incurs hundreds of expenses daily. Consequently, manual expense approval becomes a cumbersome task, and employees are kept waiting for their reimbursements. An expense approval workflow consists of a series of sequentially-laid out tasks to approve and process the expense. When such workflows are automated, it removes bottlenecks, streamlines processes, enhances productivity, and…
Category: Organization
4Ps to successful partner relationship
When starting the automation process, it is essential to focus on four primary areas to build a robust relationship with channel partners through a Partner Relationship Management (PRM) solution or other solutions. Listed below are the 4P’s that make up the basis of any successful program. The categories below are indispensable and require a comprehensive…
Evaluate your annual incentive plan for 2021 & beyond
With 2020 bringing an upheaval the situation will likely prevail into 2021. The best way to be able to flourish is to start planning. It is essential to adapt to the new normal by reimagining annual and long-term incentive plans for 2021 and beyond. It has now sunk in that the pandemic and its assorted…
Sold t-shirts at 16, cutting-edge digital spending solutions provider today
Raj Narayanam’s fintech Zaggle is an SaaS firm that ensures its clients don’t worry about financial control, as it uses cutting-edge tech to manage enterprise expenses and staff rewards & incentives Way back in 1987, sixteen-year-old Raj Narayanam took up odd jobs in order to pay for a pair of Nike Shoes he wanted. He…
Expert view on the changing role of the finance function in the digital era
Traditionally, the finance sector in any organization was programmed to optimize available, limited financial resources. This limits the scope of the finance department to obtain funds to reach organizational goals. With time events such as liquidation, mergers, acquisitions, and consolidation have become a crucial component of the finance function. This is the episodic role of…
Identify the risk of Duplicate Invoicing and prevent them
Duplicate invoice payments are pernicious. Research shows that around 3.6% of invoices manually entered include an error caused by data entry. On average, approximately 0.1% to 0.05% of invoices paid are typically duplicate payments. These could potentially, for a medium-size organisation with annual costs of $100 million, represent a loss of $300,000 over a three…
5 Ways to Make Work Anniversaries More Meaningful, Virtually
In light of the current public health crisis, businesses all over the world have been experiencing massive turmoil. As a result, they are being forced to implement drastic and lasting changes. However, in this turmoil, it is the employees who have bore the brunt of the impact. According to research by Barnett Waddingham, more than…
Reimagining Customer Experience (CX)
All relationships have an emotional element, whether it is between people, businesses, or people and businesses. A business relationship with customers is built over time, is fostered by experiences along the customers’ journey with many touchpoints either physically or online. This relationship is based on expectations and is strengthened by frequent interactions. How is this…
Crafting Employee Performance and Engagement Programs During the Coronavirus Pandemic
The world is battling with anxiety and uncertainty, and it’s a period of intense stress for businesses across the globe. Working from home has been the game-changer for the corporate world. But now the major task of the HR team is to know how to keep their employees engaged during this stressful period? There is…
