Employee reimbursements can be frustrating for all parties involved, even as expense reporting goes digital. Approximately 38 percent of U.S. employees use their own funds for work-related purchases at least once a month, facing them with financial troubles when waiting for reimbursements. Expense reporting has...
Manual expense management tools had their time in the spotlight, largely because they were the only options available for employee reimbursements and cash flows. Today’s corporations are happy to bid goodbye to these time-consuming, paper-based processes and turn to online, automated expense tracking products for...
Businesses of all sizes are slowly phasing manual expense tools out of spend management strategies. Employees now work on a global scale more than ever, and require expense products that can keep up with their expanded ranges of services. It is, thus, important for businesses...
There are approximately 1.56 million active nonprofits in the United States. These groups often have limited resources and must work carefully to demonstrate to donors and regulators that their funds are being disbursed appropriately. The Workforce Spend Playbook’s Deep Dive highlights the specific financial requirements...
In providing Thanksgiving meals to communities in need this week, missing receipts or misspent funds can eat away at resources. These are issues the Greater Boston Food Bank has tried to resolve with spend and fuel cards to make expense management more seamless. In the...
Every dollar matters for a small to medium-sized business (SMB). Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. Due to a lack of strong financial buffers like their larger counterparts, it is essential that...
U.S. companies of all sizes are purchasing trucks and expanding their fleets. This demand is putting added pressure on the managers tasked with keeping fleet operations smooth and efficient, but new services are helping them cut down on expenses, fraud and abuse. The Workforce Spend...
Messy reimbursement processes can cause workers to reconsider buying critical job materials, a factor that can leave jobs incomplete, and customers unhappy. Having the right spend solutions in place can give workers confidence that they will get compensated, and improve bottom lines for businesses. In...
The U.S. small to mid-sized business (SMB) market is on track to reach $9 trillion by next year. As the market grows, fleet-oriented services will be essential for businesses seeking to deliver their products and services to new markets. While fleets are essential, operating a...