The New Normal For Future Business Travel After Covid-19
Wednesday, 24 March 2021
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 &
- Published in Expense Management Software
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Guide To Formulate An Effective International Travel Policy For Employees
Friday, 12 February 2021
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
- Published in Expense Management Software
Simplified Expense Reporting With Mobile-Based Receipt Data Extraction
Monday, 11 January 2021
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.
- Published in Expense Management Software
Boosting Audit Readiness With Automated Receipt Management by Zento
Monday, 07 December 2020
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
- Published in Expense Management Software
Significance Of Cloud-Based Expense Management In The Construction Industry
Monday, 23 November 2020
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
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Enhance Employee Satisfaction With Expense Reporting Automation
Wednesday, 04 November 2020
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
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2020 T&E Expense Trends & Its Management
Tuesday, 30 June 2020
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
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Challenges Companies Face Managing Business Continuity During Emergencies
Thursday, 04 June 2020
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.
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Centralizing Business Expense Management In This Work-from-home Period
Saturday, 16 May 2020
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
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Business Travel Expense Management Challenges and Solutions
Thursday, 19 December 2019
In most companies, the employee expense reimbursement process works independently of wage disbursement. Salary is debited to account monthly like clockwork but when it comes to travel expense reimbursement, there can be many lapses in both process and time taken to settle claims. Each receipt/bill/expenditure has to be penned down with corresponding dates and if
- Published in Expense Management Software