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...
More than one-third of U.S. workers wait two weeks or more to be reimbursed for business expenses, straining both employee bank accounts and employee retention. The latest Workforce Spend Management Tracker highlights the latest tech to turn these corporate IOUs into managed spend, and Frank...
It’s an inconvenience many field-based employees face: being forced to dip into their own personal accounts to make company purchases for work-related projects, then enduring the hassle of filing and waiting for reimbursement. Whether they’re buying a plane ticket to visit clients, furnishing food for...
When disaster strikes, relief workers mobilize. But rebuilding wrecked homes and opening shelters takes time and involves unexpected expenses. Carrying cash is risky, and getting reimbursed for out-of-pocket purchases takes time. In the inaugural Workforce Spend Management Tracker™, Erik Dyson, CEO of the nonprofit All...
It takes money to make money, but spending money in pursuit of that mission is often a mismanaged ordeal — that’s especially true in field-based services. Corporate spend solution providers are working to resolve this by empowering companies to trust field-based workers for making appropriate...
