Turn Your Business Expense Reports into Strategic Tools
When it comes to real-time insights and comprehensive analyses, knowledge is power. But stockpiling data is one thing; it’s quite another to turn business expense reports and other information into valuable insights.
Expense Analytics and ReportingLeisure Travel Is Booming: 5 Tips to Help Business Travelers Cope
You arrive promptly at the airport with your boarding pass printed. Slip-on shoes help you breeze through security. Buying breakfast is a smooth, paperless transaction, thanks to your corporate credit card and travel expense management software. Your carry-on glides silently down the concourse and fits precisely in the overhead bin.
Expense Management3 Ways to Drive Growth Using Expense Management Software and Analytics
At many organizations today, CFOs strive to provide more frequent and accurate financial forecasts, while juggling increasingly complex economic and regulatory environments. An article on CFO.com explains that “big data” can help organizations manage complexity and drive growth by identifying strategic opportunities, improving operational efficiency, and ensuring compliance.
Expense Analytics and ReportingHow to Flag Lavish Expenses Via a Smart Approval Process
At some organizations, the expense approval process is just something scrawled on the back of a napkin or stored in someone’s head. Documenting the approval process is vital to business expense tracking. An approach that’s too casual can lead to problems, especially if the IRS decides to disallow certain expenses it deems extravagant. But determining what’s reasonable depends on the circumstances, according to an article on Forbes.com.
Expense Management3 Questions to Ask Before Considering an Online Expense Reporting Solution
Online expense reporting replaces a manual process with a streamlined, automated method for authorizing, tracking and reimbursing business-related expenses. But, like many cloud-based solutions, online expense reporting can also offer strategic advantages that help your organization become more competitive.
Expense ManagementEnjoy the Meals You Love While Stretching Your Per Diem
After a long day of meetings, you head back to your hotel room, kick back, and start thinking about dinner. You could go to one of the restaurants nearby, but you already have your shoes off, and eating alone in public can feel awkward. There’s always room service, but the menu doesn’t look appealing and the high prices would be a stretch for your per diem. Fortunately, a wide variety of delicious cuisine is also available via your smartphone.
Expense ManagementHow Can Technology Help CFOs Make Better Sense of Data?
When you see someone making poor decisions—risky investments, unrealistic scheduling, foolish health choices—it’s tempting to assume they do not have all the facts. In the “big data” era, however, the facts alone aren’t enough to guarantee dispassionate, fully informed decision-making.
Expense Analytics and Reporting3 Benefits of Integrating Corporate Credit Card Programs
The primary advantage of a corporate credit card program is the convenience it offers to an organization and its employees, especially when integrated with expense management software. For example, a system like Chrome River EXPENSE allows an employee to automatically download charges to an expense report, taking the tedium of data entry out of business expense tracking. An article on BusinessTravelNews.com reports that employees tend to respond well to this convenience, resulting in improved compliance with internal policies.
Expense Management5 Mobile Apps to Save Frequent Travelers Time and Money
Business travel is on the rise. The Global Business Travel Association predicts companies will spend $268.5 billion this year on travel in the U.S. alone, according to an article on Entrepreneur.com. At the same time, mobile apps, smartphones and tablets are helping frequent travelers streamline travel plans as well as travel expense management.
Expense ManagementHow to Unlock the Power of “Big Data” with Cloud-Based Analytics
If your organization is like most, you already have “big data” — a seemingly bottomless pit of documents, spreadsheets, emails, web-traffic reports, social media interactions and more. When left unorganized, it’s not terribly valuable to you or to anyone else in your business. The key to creating valuable, actionable information lies in how you integrate, analyze and interpret that data.
Expense Analytics and ReportingSearch
Subscribe
Latest Posts
Posts by Category
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.