Sunday, February 23, 2014
Revealing Business Travelers Techniques
Some companies implement travel policies to ensure that business travel expenses are kept to a minimum, while other companies use expense reporting technology to track and manage travel costs. Some business travelers, according to a recent report, are even turning to fast food in order to reduce their meal costs during business trips.
Certify recently found that the most frequent breakfast eatery for business travelers was Starbucks, 14 percent of all responding travelers reporting that they had purchased food from the coffee shop while traveling for business. Respondents spent an average of $8.44 per meal at the location, illustrating how travelers are able to keep their meal expenses low by turning to restaurant chains. Certify's data was drawn from the last three months of 2013, ensuring that the information recorded is current and relevant.
For lunch and dinner, the fast food trend continues. Certify found that McDonald's was the most frequently chosen restaurant by travelers, further bolstering the idea that low-cost fast food restaurants are becoming more attractive than ever for on-the-go employees. The average amount spent by business travelers for both lunch and dinner at McDonald's was under $7.50 - far below what most businesses are used to reimbursing for lunch or dinner expenses.
Bob Neveu, chief executive at Certify, explained to The Los Angeles Times that the report makes sense because fast food and other quick-service eating establishments offer a number of benefits for business travelers: they are often conveniently located, the service is prompt, and many even offer wireless access so that individuals can complete their work while eating their meal.
"Most people are traveling individually, and they are out for the week trying to get something fast, convenient and consistent that is within their company policy," Neveu told the news outlet.
For many businesses, putting a cap on exorbitant travel costs is a top priority. Eating at fast-food restaurants is one way of doing so - but it's not the only way. With the help of expense reporting technology, such as the technology offered by Certify, traveling workers will be able to keep their travel expenses low, even without eating their dinners at low-cost chain restaurants. These expense report technologies can track and analyze costs in real time, eliminate out-of-policy reimbursements and do much more to keep a business’s T&E budget down.
Friday, January 24, 2014
The Big Impact in Automating your Travel Expense Management
Entertainment and travel costs can make up ten per cent of a company's total operating expenses. Whilst this may be somewhat of an eyebrow raiser to you, it wouldn't come as much of a shock to your Finance Director. The situation is not assisted by the fact that most Small and Medium sized Enterprises travel expense management and expense reporting is conducted through Excel based reports and reams of receipts.
All the work to compile daily, weekly and monthly expense claims is of course part of payroll's daily operations too, which in itself creates delay, errors and further expense to be incurred. As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.
With travel expense management being centrally and automatically controlled, greater transparency is available to all personnel. It also allows for more informed decision making; and thereby accountability regards compliance and policy at all levels of hierarchy.
For owners of budgets, departmental heads, and cost center controllers too, it allows for greater analysis, to better target other expense streams. This greater visibility also allows for areas where savings can be made to be identified more easily, and see how well preferred vendors and suppliers are performing.
All the work to compile daily, weekly and monthly expense claims is of course part of payroll's daily operations too, which in itself creates delay, errors and further expense to be incurred. As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.
With travel expense management being centrally and automatically controlled, greater transparency is available to all personnel. It also allows for more informed decision making; and thereby accountability regards compliance and policy at all levels of hierarchy.
For owners of budgets, departmental heads, and cost center controllers too, it allows for greater analysis, to better target other expense streams. This greater visibility also allows for areas where savings can be made to be identified more easily, and see how well preferred vendors and suppliers are performing.
Thursday, January 16, 2014
Securing Every Business enterprise while on the Trip
Making your business to be on the top will be a tough job for everyone that are part of the company both the effort of the employees and the heads must be united. When it comes to business the most important is to unite as one to make the business make into the top and grab the goal of the company. In managing the company a lot of things that are need to be part of your business plan one of this are your business travel I am sure that most of the business company are making excuses about it but think again when it comes to travelling your company must be able to be part of it. But somehow most of the business company has the hard time when it comes to business travel most of them are making in the hard time in managing all the expenses that they have during the trip since they are having the hard time with it. Today make a new difference for your company business using the online travel and expense management to make your reporting easier and faster hassle free while you are on the trip.
Make your in d worry free all the time especially if your are on the trip it make yourself comfortable all the time and make your mind set on the top. Since your company is using the digital reporting it makes it for all easier and faster.
Thursday, December 26, 2013
Reviewing what is automation is all about
Expense reports are necessary for businesses of all shapes and sizes. They're not only for the sake of reimbursing employees - they help managers to keep an eye on individual costs. Used properly, the study of internal expense reports can allow businesses the insight needed to create note-perfect budgets for future trips.
Unfortunately, the logging and creation of expense reports can be an extremely time-consuming task. Workers need to keep track of and organize all their receipts and expenditures, when they'd be better served using their time off-location to work. And sometimes, entire departments are needed to do the accounting required by a large selection of monthly employee expenditures.
Yet with Certify's expense report management software, you can escape the long hours needed to create, update and publish regular corporate expense reports. With Certify, your organization can go paperless - logging all of its costs into the cloud in real time, and having reports created via automated software.
Certify's ReportExecutive™ application automates the reports for entire companies. Managers select the date on which they want reports created and submitted, and the program does so automatically, submitting the final product to users for review and approval.
Thursday, December 19, 2013
Making your Business in the Right Track with Certify
With all the hectic things that are happening around us Im sure every business establishments are being affected with it but something we must need to take an action in making all things in the right place but somehow how to make a business stands more in the market. When it comes to business there are a lot of things that are need to be done and it needs to have a lot of effort to make it in the top but for some of the business company they are adopting what is the new in the society so that they are updated what is new in the market. When it comes to business a lot of things that are need to be done in maintaining the business to stand out for but a lot of effort and work must need to be exceed.
Traveling one of the main thing most of the business people should understand and most of the business company are taking a big thing especially in business travel of their employee because it takes time and money of the company which is conserved to be the expense of the company. Tracking is the best way every company must need to do in sticking to the budget that they have. Every employee that are going to the business travel must need to meet to the policy of the company so that they will be reimburse for the expenses that they have.
Most of the business people having the hard time tracking all the expenses that they have while they are in the travel or in the trip but good thing you don’t need to have a problem with it anymore with travel expense programs which is designed for those employee that always on the go. It is one of the programs that is designed for people that goes in the trip all the time. The best of this program is even you are on the trip you can still manage all the expenses that you have.
Monday, December 9, 2013
How the Technology Changes the Aspects in Our Business
Way back in the old time how would you describe every business operation in the entire business company . Well, in the old time most of the business company are sticking into the manual way of operating the business especially in managing every reports and also for the entire operation of the company but all of these things turns out and being replaced by the technology as the time goes by.
In the time that technology products that comes out in the market I'm sure everyone of us are amazed for what kind of things that they can contribute in our life to make it easy and simple. For most of the business company all they want is to have the reach out for the clients that they have and when the mobile phones are out in the market everything changes the way of communication that we have indeed the technology marks in our daily life. Most of the business minded people are not only looking up to for the outside aspect but also in the inside and to the entire operation of the company.
Today making every business to work out is by applying the essence of the technology to make it more convenient in all of us inside the big business they are using it. One of the example is the expense reports inside the company way back in the old times doing all the reports in the manual way but with the use of the technology it changes everything easier and faster doing all your reports could be especially when you are in the out of the town for some functions still you can assure that all your in needs for your reports are in the right place accurate and easy to access especially with those reports that you are needed for the later use.
Imagine with all around us without using the technology I’m sure you can make a determine the big difference of the part to the present in the way of life. In today’s life all we need is to accept or embrace what are the new can give to us especially in the world of business I'm sure you can make it with it.
Sunday, December 1, 2013
Certify in the Rescue of your Expense Reporting Problems
Mostly in different kinds of businesses most of the firms purchases a certain kind of program as the aid in the company especially in handling the different kinds of the difficulties inside the office such as for the reports which is commonly the main problems of the employee in the company in dealing with the monthly expenses that they have in the end of the month. Imagine the stack of reports that you must need in your table for just a short period of time take your patients too long in making these reports.
However, rarely can you find a program or firm that can single-handedly complete an entire process on your behalf. Yet, that's true of Certify: if you make use of our top-level expense report management software, your employees will never have to report their expenditures manually ever again. Certify's ReportExecutive program simplifies every step of the expense and reimbursement process for your entire company. It doesn't merely make one part of the task easier for you to complete - it makes the entire process take a matter of mere moments. Certify helps you every step of the way, from documenting expenses themselves to receiving your reimbursements.
Certify simplifies each individual process involved with reporting costs and receiving expenditures. First off, it allows business administrators to create a company-wide schedule for when expenses will be reported and published. Your employees will be digitally loading their expenses throughout the time period - all they need to do so is to take a picture of the related receipts. When the selected day arrives, Certify will merge all these expenditures and receipts into one unified expense report.
This will aid you immeasurably in better organizing your company's budgets and expense reporting process. Your employees, additionally, will be thrilled by the easier-than-ever ways to report their costs. Never again will they have to fumble about with receipts or endlessly organize expense-related documents during their valuable time out of the office. Now, they simply take a picture of the receipts related to their expenses using a mobile device, and allow Certify's software to do all the work for them.
By automating every step of the process, Certify can ensure that your employees are always in the loop as it regards to their expenses. When they have a publishing day upcoming, our system will remind them to review the receipts hosted in their digital wallet. If any of their reported expenditures inadvertently violates your company policy, our program will warn them. When it's time to submit the report for approval, our program will even prompt them to give it one last look-over before submitting the expenses.
However, rarely can you find a program or firm that can single-handedly complete an entire process on your behalf. Yet, that's true of Certify: if you make use of our top-level expense report management software, your employees will never have to report their expenditures manually ever again. Certify's ReportExecutive program simplifies every step of the expense and reimbursement process for your entire company. It doesn't merely make one part of the task easier for you to complete - it makes the entire process take a matter of mere moments. Certify helps you every step of the way, from documenting expenses themselves to receiving your reimbursements.
Certify simplifies each individual process involved with reporting costs and receiving expenditures. First off, it allows business administrators to create a company-wide schedule for when expenses will be reported and published. Your employees will be digitally loading their expenses throughout the time period - all they need to do so is to take a picture of the related receipts. When the selected day arrives, Certify will merge all these expenditures and receipts into one unified expense report.
This will aid you immeasurably in better organizing your company's budgets and expense reporting process. Your employees, additionally, will be thrilled by the easier-than-ever ways to report their costs. Never again will they have to fumble about with receipts or endlessly organize expense-related documents during their valuable time out of the office. Now, they simply take a picture of the receipts related to their expenses using a mobile device, and allow Certify's software to do all the work for them.
By automating every step of the process, Certify can ensure that your employees are always in the loop as it regards to their expenses. When they have a publishing day upcoming, our system will remind them to review the receipts hosted in their digital wallet. If any of their reported expenditures inadvertently violates your company policy, our program will warn them. When it's time to submit the report for approval, our program will even prompt them to give it one last look-over before submitting the expenses.
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