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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…
Category: Business
10 reasons why expense reports are a drain on time and money
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,…
How automation can help detect and prevent expense report fraud
The Association of Certified Fraud Examiners categorizes expense frauds into four types. They are as follows: Mischaracterized expenses Personal expenses submitted under the category of business expenses is a frequent occurrence. This eventually adds up as there is no way to determine the category of a claim based on the submitted receipt. Fictitious expenses These…
Business spends in the new normal
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…
Priorities for the Finance Teams of SaaS Companies during the COVID-19 Pandemic
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…
How has the Coronavirus pandemic accelerated digitization
“Necessity is the Mother of Invention” The coronavirus pandemic has proved this saying to be true. The world has begun to find new ways of functioning to adapt to the ever-changing global crisis. The businesses, in particular, have been the most effected. But they have found new innovative ways to keep going which in fact,…
Why a corporate credit card may be just what you need?
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…
B2B Data Insights
COVID-19 has destroyed livelihoods and continues to do so around the world. The full implications of the pandemic are far from certain but it is clear that its economic consequences are dire. Sales leaders are taking care of their people and customers since that’s the top priority and also adjusting how to sell in the…
CFOs approach for navigating COVID-19
As the COVID-19 crisis is creating a lot of uncertainty day by day, CFOs and finance executives need to take swift actions to ensure they are heading the organizations, employees, shareholders, and themselves in the right path. Business depressions and recessions are challenging, but some businesses and start-ups are not only staying afloat but are…
