Though they may have fewer resources than large firms, small and medium-sized businesses (SMBs) and self-employed freelancers are not exempt from business travel. SMBs may need to fly to events and exhibits to draw attention to their solutions, while freelancers may need to travel to visit...
The workforce skews tech-savvy, younger ... and remote. The way we pay and get paid is ever-more intuitive, cued by Uber. So it is — or should be — with corporate expense management, says PEX Founder and CEO Toffer Grant. Embedding payments into workflows via “implied approval” can save...
During the holiday season, nonprofit and religious organizations step up their fundraising efforts for charitable causes. These groups must demonstrate a high level of accountability, however, and workforce spend solutions can help them track spending and remove the friction from waiting for reimbursements. The following...
Public charter schools operate independently from traditional public schools — but with this autonomy, says Marco Rafanelli of BuyQ, comes less purchasing power and greater spending scrutiny from local regulators. In the new Workforce Spend Management Tracker, Rafanelli explains how group purchasing solutions can help...
While some workers are stuck behind a desk or tucked away in a cubicle, others have to do their jobs from the field. However, when trips of field-based workers wrap up, they might regret not keeping better track of the mileage. If they fail to...
As companies increasingly turn to gig workers for short-term projects, and workers see the gig economy as more than a “side hustle,” faster payments are set to become a top priority. The following Deep Dive examines how flexible prepaid cards could change how gig workers’...
The show, of course, must go on. But when production freelancers have to shell out-of-pocket for business expenses, delayed reimbursements can cause longer-term rifts. In the latest Spend Management Tracker, Torrey Tayenaka, CEO of digital production company Sparkhouse, explains how efficient reimbursement and reconciliation services...
Whether making travel purchases, buying specialized equipment or even just picking up muffins for the morning meeting, employees often have problems getting out-of-pocket purchases cleared. The back-and-forth reimbursement process that companies typically use is a headache for both employers and employees, and often winds up...
The worldwide meetings, incentives, conventions and exhibitions (MICE) industry is growing at an estimated compound annual growth rate (CAGR) of 7.5 percent between 2017 and 2023, and expected to reach $1.245 billion in value. Addressing the industry’s payment problems will only become more important as...
