A whopping 38% of startups fail because they run out of cash to run the business, according to a CBInsights report. This is a warning bell for businesses with inefficient financial management. The longevity and sustainability hinge as much on the proper handling of accounts as they do on consistent revenue. Yet business owners make…
Tag: Expense Management
![Corporate Credit Card](https://www.zaggle.in/blog/wp-content/uploads/2022/11/1wWACD-768x431.jpg)
Taking stock of the corporate credit card business in India: past, present, and future
Despite being regarded as one of the most convenient and flexible credit vehicles, especially for SMEs, the use of corporate credit cards has been a bit sluggish in the Indian market. According to RBI, almost 62 million credit cards were in use in India in 2021, corresponding to less than 6% of the total population….
![Financial Wellness, Employee Financial Wellness](https://www.zaggle.in/blog/wp-content/uploads/2022/06/How-to-improve-your-Employees-Financial-Wellness-768x448.jpg)
How to Improve Your Employee’s Financial Wellness?
Work is not the only stress for employees, money is also a significant stress factor. Employees stress a lot over their financial matters. To support the employees and ease their stress over financial matters, most employers are providing financial wellness benefits. Financial wellness can be explained as an employee’s overall financial health. The financial wellness…
![business expenses in coivid](https://www.zaggle.in/blog/wp-content/uploads/2021/04/business-expenses-in-coivid-768x403.jpg)
Managing business expenses in a contactless CoVid world
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](https://www.zaggle.in/blog/wp-content/uploads/2021/03/going-cashless-768x403.png)
Going Cashless to Simplify Employee Expenses and Payments
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](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…
![expense reports are drain on time,money](https://www.zaggle.in/blog/wp-content/uploads/2021/03/expense-reports-are-drain-on-timemoney-768x403.jpg)
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,…
![Business spends in the new normal](https://www.zaggle.in/blog/wp-content/uploads/2021/01/Business-spends-in-the-new-normal.png-768x403.png)
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…