Need Cash Now for Your Growing Business? Improve Your Invoice Management
When your organization is growing quickly, you need to fuel that expansion with cash. You could try to borrow the money, but a better option might be to focus on speeding up your cash conversion cycle, according to a recent article on the CNNMoney website.
Expense Management, Invoice Management5 Good Mobile-Device Habits for Online Expense Reporting
According to a recent blog post from EPM Channel, these are two characteristics of savvy mobile device users: If you get annoyed when people pass out paper reports instead of displaying electronic versions on their tablet or laptop, that’s one clear indicator. If you prefer using a tablet for business tasks instead of being tethered to your PC, that’s another sign.
SaaS and Cloud for AP3 Reasons to Use Cloud-Based Expense Management Software
Many organizations are discovering that cloud computing offers a number of strategic opportunities to cut costs and boost revenue. Business Finance magazine explores the ways leading organizations are using the cloud to become more competitive, from improving decision-making to transforming collaboration and business processes.
Expense Management3 Common Hurdles to Adopting Electronic Payments
In one’s personal life, the need to dig out the checkbook is increasingly rare; using a credit or debit card or an electronic check is often more efficient and reliable. Paper checks are steadily losing ground to other payment methods in business, too, including Automated Clearing House debits, wire transfers and company purchasing cards. The average organization now only uses paper checks for half of its transactions with other businesses, according to a recent article on CFO.com.
Invoice ManagementMissing Out on Tax Credits? Improve Collaboration with Expense Software
States and municipalities often use tax incentives to attract different industries, and capturing these incentives plays an important role in cost control. But many organizations risk missing out on these tax credits due to poor internal communication. Using an expense software suite can help your organization comply with tax regulations and collaborate to secure tax credits.
Expense Management3 Obstacles to ‘Big Data’ Success
For the last five years, IBM has issued reports on the changing roles of analytics and “big data” in business. In its latest report, “Analytics: A Blueprint for Value,” IBM surveyed 1,000 executives in IT and business from 70 countries. According to online industry magazine CMSWire.com, this latest research shows that while “big data” and analytics can drive new revenue and customers, most organizations are dragging their feet.
Expense Analytics and Reporting5 Surprising Business Travel Expenses You Can Deduct
If you’re unsure about whether you can write off a business travel expense, you might find it prudent to err on the side of caution — especially if the charge is negligible. Still, it’s hard for you and your organization to remain competitive if you routinely leave money on the table in the form of unclaimed deductions and unreimbursed expenses.
Expense ManagementInternal Compliance Issues? Good Controls Must Start at the Top
When an organization needs to enforce internal controls, it’s important to set the right tone at the top, according to CFO.com. How are policies treated at the management, executive and board levels? That can shape the attitudes of everyone in an organization.
Is Al-Qaida’s Expense Report Program Better Than Yours?
Finally home after a long business trip, the field representative feels worn out. Unreliable transportation, bare-bones lodging and stingy per diems certainly didn’t help. The rep heaves a sigh, pulls out a wad of crumpled receipts and scrawled notes and starts preparing reports — in triplicate, per the expense report program’s requirements.
Expense ManagementIs Lack Of Data Slowing Your Decision-Making?
The hype surrounding “big data” can give the impression that good analytics software is all an organization needs to improve the quality and speed of its decision-making. Yet, even when organizations rely on data in creating or implementing business strategies, the important decisions are still often made by people.
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.