Invoices and receipts facilitate trade among companies. Even today, much of the receipt information exists on paper or in semi-structured formats like PDFs & images of hard copies. In the absence of an automated expense reporting tool, the traditional way to handle receipt data has been its manual extraction, verification, structuring, editing and then storage,
Video and voice calls – that is the new normal of going about our daily official work since the pandemic hit the world. Surprisingly, before the pandemic, a multitude of companies did not have an effective cell phone expense reimbursement policy in place for their employees. For the lack of crisp phone allowance policy, finance
During 2014-2019, the global business travel market grew at a CAGR of around 5.1%. Rapid digitization & penetration of IoT in the travel & tourism sector prompted corporations to tie-up with leading business travel companies. These corporations evolved an effective and collaborative travel ecosystem for their teams commuting for business meetings, brand promotions, conferences &
Formulating an effective international travel policy for employees is a task necessitating a thorough consideration owing to its implications on future decision making by the organization. International business travels will continue growing in the coming years since, according to Harvard Business Review, face to face requests are 34 times more powerful than a request sent
It is no mean feat for an organization to actively track & process employee spends. Spends are quite diverse & could be vendor invoices, business travels, utilities, events and so on. Surprisingly, a big chunk of the corporate sector still relies on the traditional way of expense reporting i.e. managing & processing physical expense vouchers.