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…
Tag: Expense Mamagement Software
![per diem allowance](https://www.zaggle.in/blog/wp-content/uploads/2021/03/per-diem-allowance-768x403.jpg)
Understanding per diem allowance: benefits, cost, and implementation
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](https://www.zaggle.in/blog/wp-content/uploads/2021/03/automate-approval-to-speed-uo-reimbursement-768x403.jpg)
Automate expense approvals to speed up reimbursement
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…
![On-the-go expense management for logistics employees](https://www.zaggle.in/blog/wp-content/uploads/2020/12/on-the-go-expense-management-for-logistic-employees-768x403.png)
On-the-go expense management for logistics employees
Logistics service providers who offer supply chain management and logistics solutions operate on a large scale. Their business typically runs out of several hundred, if not thousand locations with a large number of logistics centres and offices. Their employees are constantly on the move shuttling between cities. Challenges with traditional expense management in logistics companies…
![Tips for Reducing Business Travel Costs](https://www.zaggle.in/blog/wp-content/uploads/2020/04/Tips-for-Reducing-Business-Travel-Costs-768x448.jpg)
Tips for Reducing Business Travel Costs
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…
![5 Maturity Stages of Expense Management](https://www.zaggle.in/blog/wp-content/uploads/2020/02/5-Maturity-Stages-of-Expense-Management-768x447.jpg)
5 Maturity Stages of Travel and Expense Management
Business travel impacts a wide range of objectives including sales and partnerships for enterprises today. With increasing business travel, there are more bills, expense reports, and reimbursements to deal with. Whether you follow the paper-based system or a computer-based application, expense management requires the collection of all related invoices and receipts to make the right…
![5 Common Mistakes in Expense Management](https://www.zaggle.in/blog/wp-content/uploads/2020/04/5-Common-Mistakes-in-Expense-Management-768x448.jpg)
5 Common Mistakes in Expense Management
Traditional expense management practices can not only lead to inefficiencies in the process but also expose the organization to risks of fraud and non-compliance. As business travel increasingly becomes indispensable, it’s imperative that the businesses figure out better ways to manage travel expenses among other employee expenses. The process of managing receipts and submitting expenses…
![How Employees Benefit by using an Expense Management Software](https://www.zaggle.in/blog/wp-content/uploads/2020/04/How-Employees-Benefit-by-using-an-Expense-Management-Software-768x448.jpg)
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](https://www.zaggle.in/blog/wp-content/uploads/2020/04/How-to-Manage-Petty-Cash-for-Business-Expenses-768x448.jpg)
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….