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Tag: Business Expenses

How to Manage Petty Cash for Business Expenses

How to Manage Petty Cash for Business Expenses

Posted on May 27, 2025May 27, 2025

Having cash on hand eliminates significant time in writing out and using up cheques. This helps with small payments on account of expenses like stationery, coolie hire, refreshments to guests, etc. which cannot be paid through cheques. Additionally, certain vendors or brands don’t accept debit or credit cards under a certain amount.  Petty Cash is…

Corporate Credit Card

Taking stock of the corporate credit card business in India: past, present, and future

Posted on November 2, 2022November 3, 2022

Despite being regarded as one of the most convenient and flexible credit vehicles, especially for SMEs, the use of corporate credit cards has been a bit sluggish in the Indian market. According to RBI, almost 62 million credit cards were in use in India in 2021, corresponding to less than 6% of the total population….

Business spends in the new normal

Business spends in the new normal

Posted on January 6, 2021August 7, 2022

With social isolation being the only way to combat the spread of the virus, working from home has emerged as the new normal. This shift offers organizations a chance to design expense programs that have more scope than travel and expense. Such a system helps shape the comprehensive, all-inclusive company culture moving forward. Maintaining relevance…

Identify risk of duplicate invoicing

Identify the risk of Duplicate Invoicing and prevent them

Posted on November 27, 2020August 7, 2022

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 Major Hidden Costs of Manual Expense Management

5 Major Hidden Costs of Manual Expense Management

Posted on October 29, 2020August 6, 2022

Expense management, in most organizations, brings to mind spreadsheets or email-based reporting. While this seems streamlined from the outside the work, it remains complex and tedious. Multiple steps, cross-checking at every level, authority sanctions, and cross-department forwarding are only some processes eating into the company’s person-hours.  Manual expense management is very costly in terms of…

Priorities for the Finance Teams of SaaS Companies during the COVID-19 Pandemic

Priorities for the Finance Teams of SaaS Companies during the COVID-19 Pandemic

Posted on October 27, 2020August 6, 2022

Progress is usually gradual and spreads over a period of time. The pandemic, however, has changed that with several in-the-pipeline projects being initiated almost overnight. This, combined with disrupted supply chains, is unprecedented, but finance teams can help reduce the impact. By working towards stabilizing the company in the short-term and positioning it for recovery…

Corporate Credit Card, Founders Card, Business Expenses

Why a corporate credit card may be just what you need?

Posted on July 22, 2020August 6, 2022

Walking on thin ice can be dangerous, they say. Ironically, that’s what a lot of businesses do most of the time. They walk on financially thin ice. Every company is always looking for ways to better its’ financial operations. And that’s what exactly corporate credit cards do. They simplify the lives of businesses. What is…

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