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Travel and expense (T&E) cost is usually a close second after wages and sales-and-marketing outlay when it comes to controllable costs. According to the Association of Certified Fraud Examiners’ 2018 Report to the Nations, expense reimbursement fraud accounts for 21 percent of fraud in small businesses and 11 percent in large businesses. Adoption of technology with…
Author: Jeevan Kumar
I’m a technical content writer, with a passion for technology and innovation. I enjoy all aspects of online marketing spanning from organic SEO to paid digital marketing. I also have a flair for design and adept with tools like Canva, SEMrush, Ahrefs, Netcore, Sprout Social, Edifybiz and so on.
How Employees Benefit by using an Expense Management Software
As businesses scale and expand, reducing overheads and streamlining processes is a major challenge. With 445 million business trips happening every year, employees find it increasingly difficult to keep track of their paper receipts and expenses. The traditional processes of expense management are time-consuming and lead to slow reimbursements, leaving employees disgruntled. This affects the bottom line…
How to Manage Petty Cash for Business Expenses
Petty cash refers to the small amounts of cash kept on hand in business. With growing digitization, people are swiping their cards for smaller purchases. This has reduced the use of a petty cash system. However, it’s still essential for any business to make sure all small purchases are properly accounted for as business expenses….
How Reward & Recognition programs can impact Channel Partners?
A channel incentive program is a way to reward channel partners for the tremendous amount of effort they put in. It is essential that the channel partners believe and understand that company is appreciating their work and taking good care of them.The most successful incentive programs are those that are engaging and are designed to…
5 Tools Every HR Should Use to Enhance Employee Experience
Studies show that disengaged employees cost U.S. companies up to $550 billion a year. In the rapidly changing workplace landscapes, the role of the HR department is more comprehensive than just recruitment. This includes focusing on other aspects of the company such as employee engagement. Healthy and engaged employees, in concert with strong workplace culture, are…
Travel and Expense Management Trends in 2019 – 2020
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…
How technology can help deliver seamless Employee Benefits: Cashless & Paperless
It may seem counterintuitive, but Indian digital payments major PhonePe is chasing growth by facilitating cash withdrawals. For this, it’s even hitch-hiking on offline retailers. The Walmart-backed platform launched PhonePe ATM service on its app on Feb. 5. The feature allows users to collect physical cash—up to Rs1,000 ($14) a day—from a kirana (mom-and-pop) store and transfer an…
Peer to Peer Recognition Programs make Rewards and Recognition a Natural Process
Peer to peer recognition has always been an important aspect of any professional workplace. Social acknowledgement is basic need according to Maslow’s hierarchy of needs. The company culture plays a major role is retaining the employees and continuously motivates them to feel truly wanted. Peer to Peer recognition programs aims to provide acknowledgement, appreciation, satisfaction, self-worth, achievement…
Why is Employee Recognition so important?
Employee recognition plays a very important role in today’s competitive Human Resource market to attract and retain employees. HR departments have started to use advanced tools & techniques to attract top talent and persuade to take their job offer. Employee recognition programs are very crucial for effective functioning of the organisation: Gallup’s poll also found out…
