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The TEM (Travel & Expense Management) market today is expanding both in scope and reach. According to the Global Business Travel Association, business travel spending grew globally to $305 billion in 2018 from $292 billion in 2017 – and is projected to grow another 3.1% in 2019. Businesses are exploring technologies to manage, control, and…
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Why is Expense Management Software a good automation tool for companies in India?
Did you know that the inability to track company expenditures, has become one of the major issues resulting in companies losing a hefty amount of money each year? There is a huge gap between what companies think they spend on business expenses and what they actually spend. This gap is essentially because of inefficient processes….
Everything you Need for Handling Business Expenses
Administering a Management Expense Reporting system on a regular interval is a cumbersome exercise. Before adopting any new expense reporting system, you need to train your employees about the software, configure an approval structure and assign the chain of command. And every time when there is a new hire or an employee leaving the organisation,…
Features of Travel & Expense Management Solutions
With the businesses going global, there is an increased need for the employees and employers to travel across for globe, making the travelling expenses a major portion of the business expenses. Business leaders are finding a perfect solution to manage the complexity in the procedure on day to day basis. Digitized Expense Management Solutions are making the…
Benefits of Implementing an Expense Management System
If you are considering opting for an expense management system, but are wondering how to justify the purchase,here are some of the key benefits that the system offers to help organization achieve their business objectives. Improves processing time – Provides more scalability and robustness in handling large amounts of data,reducing manual entry, thereby eliminating the chances…
Questions you should ask before employing Expense Management System
If you are thinking about investing in an Expense Management Software, these are a few questions you should ask yourself In today’s technology-driven, highly-competitive business world, companies often fall prey to emulating their rivals—be it in products, services or even management ecosystems. This can lead to incurring unnecessary expenditure in setting up systems that may…
