Sunday, September 29, 2013
Online Expense Approval does it Possible?
When you are up with your business one of the main thing that makes all your work delays all the time are the approval of your boss all the time but sometimes through the delays of the approval processing of some other data are being affected especially if you are on the business travel for a couple of days or a week that’s a lot of time for the delay and data to stay input in your office.
Since today most of the business are taking into the online world and every aspect of any business the technology is presence that is why technology today plays a big part of any kind of business small or big companies. For many companies in the business world every manager of the company must need to the gatekeeper of the company to prevent out of the policy or un necessary expenses of the employee in other world they will act as the controller of companies funds. At the same time, he should not be a bottleneck, but quickly approve expenses so that the employee can get their reimbursement check.
When there are 20 receipts stapled to a spreadsheet and receipts are missing or don't match up with charges, this is challenging. What's the limit on dinners again? And how much was their average nightly hotel bill? No matter, the manager has a meeting in 10 minutes so he rubber-stamps it for approval and gets on with his day.
Here are the ways how Certify approval works out:
1. Email Alert of Pending Report
2. Log into Certify to Review
3. Review Expense
4. Inquire About Flagged Expenses
5. Approve & Submit to Accounting
Why managers chose Certify because they can finish reviewing expense reports in no time, and feel certain the company has a complete expense report which is compliant with the company policy. Gone are the days of uncertainty and guess-work in expense reports.
Tuesday, September 17, 2013
Business Firms in Taking care of their Expenses
All throughout the entire operation of the company a lot of things are need to be done in the right place but somehow there are times that the company can encounter a rough situation but all of us are making great things to make our business are on stand in the market. When it comes to managing a business a lot of things are need to consider and one of this things are how to maintain the quality of the company in the market since a lot of challenges awaits you in the market it must need have a strong mind in the business the head of the firm that you have.
In the world today so many things have change especially in the world of technology. If you have noticed in the society a lot of people using the technology to enhance more the performance of their company. One of the companies need to level up are the entire operation inside and outside the company in managing the business that they have including putting the technology as the part of the entire work operation.
Inside the company one thing that needs to tackle all the time is managing all the reports that you have especially the expenses of the company. Every expense of the company place a big rule and too much expense can directly affect to the financial source of the company in the other hand limiting your having a proper expense management is the best way to make things inside the company organizes especially in dealing with the expense of the company.
If you have noticed today most of the company is using the different kinds of technology applications in their company especially in taking their business in the new world of internet to reach out more clients in their business that they have.
Wednesday, September 11, 2013
Automating Business the new Face of Technology
Many of the business today are turning their back for the expenses of the company that they have. Every expense in the company must need to be listed but somehow some of the employee dis obeys it leading the company in the bad situation. Every entrepreneurs and managers of the business are keeping the eye in expense reports of the company optimizing their expense reporting software toward the specific needs and tasks of their company.
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.
"More companies are asking for T&E expense integration," said Anne Marie Razza, the vice president of products and strategy at Orbitz for Business. "Corporations are interested in the data analytics possible as a result of having both a T&E system [and a booking tool]. When they're integrated, [companies] get access to that data faster than they would independently."
For business owners and managers, the most important factor is the ability to track and verify costs as they occur in real time. Verifying a large amount of expenditures at one time makes it much easier to make mistakes, but when tracked in real time, improper costs are much more noticeable. With automated expense reporting software from Certify, individuals can log costs via their mobile phones as soon as they receive their receipt, and managers can track the costs beginning the very moment the image of the receipt is uploaded into the cloud.
"Now you're not just taking that $5 million [of spend] and signing your signature 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.
Tuesday, September 3, 2013
Break Down in How your Automated Expense Reports Works
In our business there are a lot of things that are needed to do in order to make it work but somehow it takes a lot of effort and patients to make it right. Today most of the business company is using the technology especially in making their reports why not try to switch with the automated one. Absolutely with the hassles that you have in doing your reports why not to try to use automated expense reports.
Schedules automated expense reports
Certify helps your firm to establish a company-wide schedule by which automated expense reports can be completed – or, if you prefer, it allows each individual employee to set their own filing schedule. Certify’s ReportExecutive™ can adapt to whatever schedule works best for you.
Employees track expenses instantly
All your employees have to do to log their expense data is take an image of their receipt with their mobile phone. They can also scan, fax, email and text proof of their costs to our system - or even sync their corporate credit card to their Certify Account. No matter what mode they prefer, Certify’s system is prepared to accommodate them.
Email notifications
The program also sends automated emails to your employees, reminding them to add receipts and all expenses into their Certify Account before the filing date is reached, thus ensuring the prevention of overlooked expenditures.
Auto-generated expense reports
After all your expenses have been logged and the filing date has been reached, ReportExecutive™ will take all receipts and expense information in the program, and automatically create the expense report for your firm – no data entry on your part is necessary.
Employee-based reviews and submissions
Once the ReportExecutive program has filed your expense report, all the employee has to do is review the report, and verify its approval. Logging expenses has never been less time consuming than it is with Certify’s automated, streamlined software.
Friday, August 30, 2013
The Usage of Expense Reports
Managing a business take a time and patience all the time and need to have a strong foundation of companies financial aspect. Reimbursement to the employees is one of the key features of all the organizations. This reimbursement is made for the money spent by the employee for the organization's work. The expense report is the report that contains all the details of the expenses made by the employee for official and also for personal use. This report is very important for the employee and for the organization also. Other than the reimbursement, this report is also the source of expenses made by the employee on themselves. The personal expenses are very helpful while preparing for tax payments and making an account of the monthly personal expenses. Traveling details, accommodation details, food expenditures, fares in moving from one place to another are some of the information that are part of most of the reports.
After the submission of the expense report the reimbursement department of the organization works towards delivering the required amount to the employee. This process is sometimes time taking and may not prove beneficial for the employee. This is one of the chief reasons that most of the employers follow their own set of expense report. The use of this report does not end here as the archive data about any employee can be recovered from past reports. The report is one of the parameter to judge the honesty of the employee as the report is made and submitted by the employee and mostly no cross checking is done for the submitted report. It is the duty of the employee to submit an honest and transparent report so that trust can be maintained with the employer.
Monday, August 26, 2013
The Expense Reports is Way More Important
With a lot of things that need to be focused in your business still it makes to have the sense that the every cent that you spent in your company must need to be detailed in your expense reports especially during your business travel. Yes it is one of the main things that we put in our mind all the time as a part of the company expenses is always on count and need to be in the paper all the time with the proof that you sure that you have deed the expenses are keeping all the receipts during your trip but because of the tasks that you have in your time table sometimes we can't avoid to misplace or lose the important part of our business travel. In eliminating this kind of incident all the time during your business travel keep your receipts in a safe place with the certify mobile to make it and electronic receipt that cannot be lost in the long time.
Some of the employee really doesn't mind at all that for the expenses that they have but it always plays a big part in the business and it really affects a lot into it. Did you know that without the proper handling of the expenses in the company can make a big damage in the company and it must need to have the right in making all your expense reports in the firm.
The expense report is the reports where all the data of the expenses are where this certain money goes such as purchasing a certain thing or payment for the business travel. When it comes to business money is always plays the big role serves as the blood of the company to continue to work or the operation of the company that is why the money of the firm matters all the time.
It is just normal to us to have the expense it is just like the give and take process in the business but too much expense for the company will lead into not good condition that is why the expense reports are really important even in our daily life that we have know all the expenses that we have or we will have a budget plan so that we can stick into the plan that we have just like also in the business.
In the business world it is full of the confusions and decision making all the time it must need to have the full focus in managing all your business so that it will have the positive effect in the market and taking the advantage for all the outside factors in the market.
Sunday, August 25, 2013
Cutting Edge of Technology Affects in Young Workers
Workers today and in the past have a big difference when it comes in the work that they have. If you have noticed today most of the workers uses different kinds of technology as the new aid in the society that they have. If you are managing a certain company today maybe you have noticed the things that in our society. The today's generation is way more different and most of the people of today are using different kinds of tools for the businesses that they have. it is so clear that the young employers of the company are aware of the different technology applications that can be used in the company which most of the young ones are know about.
If you like to think of your business as "old school," but want to bring in some new employees to help energize the place, you may run into some complications. Definitely mixing up your employee is one of the best experiment that you can have in your firm and who knows a lot more better in your market to make it more productive but not all business are relying with this kind of technique in the company to take over by the technology the manual way of doing things in the business and one of the thing that the business look after are managing expense reports that they have in the company. We can't deny the fact that every company have the hard time in managing all the expenses that they have good thing their is the touch of technology in our life today. A new study from CompTIA, a non-profit IT firm, discovered that while Generation Y workers are much more tech savvy than any prior generation, they also have high expectations in terms of technology in regards to their employers.
"Generation Y has been raised in technology and they consider their aptitude for tech as a value that they bring to the table when seeking a job ... an employer's tech 'savvy-ness' is very high on their checklist on whether to take a job or not," reported Todd Thibodeaux, president and CEO of the firm.
Roughly 75 percent of Generation Y workers used a smartphone for work purposes over the course of the past twelve month, compared to under 40 percent of baby boomers. Even for travel and expense coverage, younger workers are turning to their smartphones to help them do their jobs.
And it's up to their employers to sate their demand. New technology has allowed many paper-and-pencil applications to be digitized, but not all firms have been able to keep up. By employing concepts like wireless expense management, a manager can help elevate her or his company above the competition - and earn themselves a future full of worthwhile hires.
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