Business Embrace the Automated Expense Reporting Technology

Some of the managers and entrepreneurs understood the price of the optimizing their expenses reporting software according to what the business needs and also the compny.

Larger corporations are beginning to take advantage positive benefits that can come when they integrate their expense management systems with travel booking applications and other relevant tools, according to a report from the Business Travel News Expense Manager Survey. The poll found that 45 percent of respondents had integrated their travel and expense report systems with online booking, up from 34 percent recorded during the previous year. Six percent reported that they planned to install such technology over the course of the coming year.

"Now you're not just picking that $5 million [of spend] and signing your style on an Excel spreadsheet and issuing checks against it," said Anthony Wessels, vice president of marketing at Coupa. "Now you're actually optimizing, looking at spend as a whole, taking the spend power you have and saving the company money."

Writing for Fast Company, American Express Global Business Travel president Kim Goodman agreed with the need for innovation in the business travel market, stating that mobile integration across different channels is a necessity for high-level expense reporting software.

"The bar has been set for technology that talks the best individual happening without sacrificing the priorities of corporate travel programs," she wrote.

Read More

Knowing the Average Cost of Business Travel

Almost the decade business expenses can add up quickly, particularly for the companies that they are still relaying on the manual reports. Making for almost so many years in the market you might have to understand the things workings inside the business world. One of the main agenda of the firm all the time is the expenses or that costs that they have. Some of the company using different kinds of tools to assist employees in their company but using the manual way of reporting it add ups, but could struggle if it fails to recognize the value of its investments.

For example, recent data indicates that the average cost of domestic travel is $111.7 billion each year. Additionally, business travelers spend an average of $949 on airline costs, hotel fees and other expenses during trips around the U.S. annually.

Meanwhile, for every dollar spent, companies commonly see a $2.90 profit increase and a $9.50 rise in revenue. The corporate world can make it tough for a business to establish itself, however, which is why Certify is a top solution for firms that want to control their travel costs for years to come.

Starbucks is one of many businesses that has seen the effects of a challenging economy. The Southern, an Illinois publication, reports that the company recently raised its prices 1 percent, which could deter many consumers from buying from the business.

Certify helps the companies save both time and money, which this software is not manual but guest what this is a automatically build the expense reports, enabling workers to submit timely, accurate materials to their superiors quickly.

Read More