Manual expense management isn’t about sticking to a cost-effective, traditional approach anymore. Companies are losing significant operational costs to errors and delays in manual expense activities. According to the Global Business Travel Association report, businesses lose around Rs 4000 ($52) for every mistake in expense reimbursement claims. Although this number may vary depending on company…
Month: April 2024
From Chaos To Control: Transforming Corporate Travel With An Expense Management Software
Travel & entertainment (T&E) expenses can be major financial overhead for companies who fail to take stock of these costs. Every year, a significant 120 hours are consumed by businesses in taking care of expense-related admin tasks, as per a JPMorgan report. Additionally, T&E is considered the second largest expense after salaries. To top it…
