Even as technology is revolutionizing management of expense reporting, traditional receipts management is still the norm in some form or the other in companies of all sizes. In the absence of an automated expense reporting solution, tracking & managing receipts can be a tiring, cumbersome & error-prone process. Implementing an expense reimbursement software like Zento
A sizeable number of industries today have integrated automated expense reporting in their daily processes, but there is one industry which stands out for still relying largely on the traditional pen-and-paper mode for expense reporting & claim settlement – the construction industry. Many companies in this industry have yet to adopt expense management automation that
The manual management of business expense processing is usually time and cost intensive for businesses and a pain point for employees & finance/travel/HR teams. Automated expense reporting is catching pace although many companies still lack a proper expense management software in place, unnecessarily putting an avoidable strain on resources. According to a study released by
What are T&E expenses? T&E (Travel & Expense OR Travel & Entertainment) expenses are expenses incurred by company employees during business trips or when entertaining clients, prospects and partners to dinners and events. These T&E expenses usually include accommodation, air travel, meals etc. In general, salespeople & business development managers tend to incur the majority
COVID-19 has forced enterprises to employee unorthodox working processes to ensure business continuity, with the biggest departure from normalcy being Work-From-Home policies. Business travel, client meetings, promotional events, tradeshows etc. are all suspended. Small and medium businesses – which account for the livelihoods of most of the world’s population – are arguably the worst hit.
COVID-19 has brought the world economy down to its knees in the past few months. It has forced the organizations globally, to reconsider their daily operations. While the workforce is in a work-from-home mode connected over Skype or Microsoft Teams, it has regretted the benefits of an office environment unavailable now. For instance, employees accustomed