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Tag: Expense Management Solution

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…

business expenses in coivid

Managing business expenses in a contactless CoVid world

Posted on April 19, 2021August 6, 2022

The pandemic continues to unfold and evolve in unpredictable directions. With work from home and social isolation still being enforced, business leaders need to come up with novel protocols and policies for the business to run smoothly with complete visibility and control. With several key industries such as travel and aviation being reconfigured, business operations…

going cashless

Going Cashless to Simplify Employee Expenses and Payments

Posted on March 24, 2021August 6, 2022

Managing daily employee expenses can be a daunting task. From reimbursable costs (such as local conveyance, flights, hotel bookings, meals, etc.) to payments like canteen and parking to employee performance rewards, employee expenses constitute a significant portion of the total business expenditure. While a travel and expense management system made it easier to manage expense…

per diem allowance

Understanding per diem allowance: benefits, cost, and implementation

Posted on March 18, 2021August 6, 2022

In many companies, employees travel extensively for work, be it client meetings, conferences, or training. As a result, companies spend a lot of money reimbursing the staff for all kinds of expenses, including airfare, meals, and lodging. While a few employers reimburse actual expenses, some organizations have started using the per diem allowance method that…

automate approval to speed uo reimbursement

Automate expense approvals to speed up reimbursement

Posted on March 3, 2021August 7, 2022

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…

expense reports are drain on time,money

10 reasons why expense reports are a drain on time and money

Posted on March 1, 2021August 7, 2022

Old-fashioned expense reports bring with them a host of pain points. Labour-intensive, time-consuming, and stressful they were efficient several decades ago. In today’s digital ecosystem, manually managing expenses with paper reports is stressful and cumbersome for employees and finance teams alike with a high potential for fraud risk for the company.  With technology streamlining operations,…

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…

Why You Should Stop Paper-based Expense Reporting

Why You Should Stop Paper-based Expense Reporting

Posted on November 23, 2020August 7, 2022

Despite being in the 21st century several organizations and companies rely largely on paper-based and manual expense reporting. While this might have been the norm several years ago, continuing to process expenses the same way leads to companies missing out on key aspects of the strategy that allows them to maintain relevance while saving time,…

Tips for Reducing Business Travel Costs

Tips for Reducing Business Travel Costs

Posted on March 20, 2020August 6, 2022

Business leaders across the globe corroborate that business travel costs are hard to predict and control.  The Global Business Travel Association predicts that corporate travel is expected to rise to $1.7 trillion globally by 2022; it’s imperative that businesses optimize and spend smarter. In this blog, we will discuss some tips that can help companies gain…

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