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Small Business
Three steps to creating a best-practice expense process
Business travel conjures mixed emotions. In one sense, it can be a huge revenue generator, as well as a sign of goodwill to customers. On the other hand, the challenge of the entire travel and expense (T&E) process—everything from filing expense...

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Small Business
How mature is your travel and expense management?
As it matures, your travel and expense management (TEM) process will go through various stages of development. If you’re feeling the equivalent of teenage angst in your organization, not to worry, there is light at the end of this tunnel. In a...

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Travel & Expense Trends
As it turns out, managing your money is a good thing
This won’t come as a surprise to anyone, but, as Oxford Economics recently pointed out, effectively controlling spending is key to boosting performance and efficiency. The surprise, perhaps, is in how CFOs are doing it. Or maybe we should say how...

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Travel & Expense Trends
Is an efficient, employee-friendly travel program an oxymoron?
Not according to a new eBook on Cost Saving Methods for T&E Expenses... Are your employees booking last-minute travel? Tickets booked fewer than seven days before departure cost an average of 44% more than those booked 15 or more days in advance....

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Travel & Expense Trends
5 ways to immerse yourself in Boston during GBTA
Heading to GBTA? Take a look at a few ways enjoy Boston while you're there. See you soon! Looking for a way to spend the day in Boston? You can climb aboard an amphibious vehicle for a Duck Tour, picnic at the Boston Common and Public Garden, mix...

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Travel & Expense Trends
Are your T&E costs topping the charts?
It might seem counterintuitive, especially for a small business, but NOT buying software to help you manage expense reports can get, well, expensive. According to the Aberdeen Group, it costs SMBs on average $35.02 to process one expense report....

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Travel & Expense Trends
Give your company policies a health check-up
Are you spending more time than you’d like fielding travel & expense (T&E) related questions (and complaints), and reviewing and approving expense reports? How about monitoring your accounts payable (AP) processes, approvals and procedures? While...

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Travel & Expense Trends
The cost of doing nothing: Mitigating FCPA risks (Part 3)
According to Foreign Corrupt Practices Act (FCPA) expert Mike Koehler, who runs the award-winning FCPA Professor website, “2016 witnessed the largest number of corporate enforcement actions and the largest aggregate corporate settlement amounts in...

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Small Business
Is your invoice storage solution a bit too medieval?
Yes, AP best practices tell you to leave a paper trail, but the time has passed to take that advice literally. Progressive organizations are increasingly going to automated, paperless AP systems because: Among the worst-case scenarios is having...

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