6 Keys To Measuring Your Predictive Analytics Efforts
With the convergence of Big Data, the Internet of Things and the quest for analytics from different departments, CIOs are being forced into the additional role of coordinating the various data experiments occurring at any given time in an organization.
Expense Analytics and Reporting, For CFOsUpper Management Accounts for Almost 30% of Reimbursement Fraud Cases
A 2014 study by the Association of Certified Fraud Examiners found that upper management accounts for close to 30% of reimbursement fraud cases. It doesn’t take a Harvard MBA to know that behaviors (good or bad) that are exhibited by top managers will eventually be modeled by employees. Couple poor behaviors by executives with lax expense reporting procedures and you have a recipe for systemic expense fraud in your organization. Whether you’re currently dealing with this situation or seeking preventative expense controls, you can take steps now that will help crush expense report fraud in 2015.
Expense Management, FraudFour Amazingly Lovely Things About Expense Management Software
Money, money, money! Where does it go? Keeping track of expenses can be a challenge, and it's vitally important for any organization to keep a close eye on the outflow of funds. However, training staff to track expenses can be tricky, especially when it's done manually. When your expenses aren't tracked properly, it costs your organization time and money. Using expense management software can make your staff feel much more financially savvy and will help control your expenses.
Expense Management, Expense Reports5% of Employees Account for Most Corporate T&E Fraud
Many companies have employees who regularly travel for business. Top execs may need to be on-site to manage multiple offices, specialists may need to attend conferences and give workshops, and sales, customer service, and technical support reps may need to visit customers to generate sales and foster business-client relationships.
Business Travel, Fraud3 Ways to Ensure Your Cloud Strategy Doesn’t Fail
Cloud computing has become dramatically more prevalent over the past few years, thanks in large part to investments from technology giants like Microsoft, Amazon and Google. However, the cloud industry is still fairly young, and as such there is still some disagreement about what exactly "the cloud" is and should be. Currently, "cloud computing" describes a number of Internet-based services, including software and business process programs, infrastructure application platforms, and various storage and retrieval programs.
SaaS and Cloud for APTeenagers Get the Mobile Mindset. Do You?
Mobile solutions have become critical in integrating business and technology. If designed and executed effectively, they have the ability to speed productivity, simplify the user experience, and offer added convenience to end users. However, just adding mobile isn't going to do much by itself. You need to develop a mobile mindset, thinking about how innovative mobile solutions will enhance your business model at every level of your organization without causing disruptions and distractions.
Expense Reports, For CFOsCorporate Road Warriors – Want to Keep Your Clothes On?
Airline travelers currently getting the go-ahead by Transportation Security Administration (TSA) staff to go through the PreCheck (or Pre√) security free of charge will soon be back in the regular line. For those unfamiliar with PreCheck, the TSA Pre√ program makes it easier and faster for travelers to go through pre-flight airport security screening. Fliers signed up with TSA Pre√ keep their belts, shoes and lightweight outerwear on and don’t need to walk through body scanner machines. They also don’t have to take their laptop out of its carry case and can leave toiletries inside their carry-on bag. These simple steps have done much to speed people through security at 118 U.S. airports.
Business TravelBYOD – Bring Your Own Device For Expense Management
A recent survey of 173 corporate travel and expense managers found that they receive more and more bookings via mobile devices. Clearly, business travelers are becoming more comfortable with booking flights and hotels using their mobile devices. To that end, travel and expense management systems from top providers are becoming more vital components in corporate travel managers' toolboxes.
Expense Management, For Travel Managers, SaaS and Cloud for AP6 Steps to Keeping Your Corporate Data Secure in the Cloud
Many business resist storing a large portion of their corporate data in the cloud. They erroneously believe the security risk is high when, in fact, cloud data storage and management is much safer than storing data on an employee laptop that can be stolen or encrypting data on an internal corporate server. If providers of cloud data storage meet certain criteria, the cloud is the safest place to store sensitive business data.
SaaS and Cloud for APWhat’s the Buzz for Corporate Travel and Expense Managers?
In July, the Global Business Travel Association (GBTA), a trade organization for corporate travel and expense managers, held its annual meeting in Los Angeles, California. Topics that generated the most buzz at the meeting were the huge increase in corporate travel globally and the risks of managing corporate travelers across disparate global destinations.
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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.