It’s a fact: When small and midsize businesses (SMBs) grow, time and money get stretched to the limit. Companies not only hire more people, invest in new equipment and work space, and buy more materials to produce products, but their employees tend to spend more on travel, expenses, and miscellaneous resources such as marketing and office...
In the last two blogs we’ve been looking at compliance and risk issues in growing businesses and how to manage it. In this last blog I’ll show you a three-step process for creating a risk management plan in your business. Travel Risk...
The financial services industry and the fight against fraud The ACFE recently published their 2018 report on global fraud and abuse in the workplace, and the findings are eye-opening. With losses from occupational fraud totaling $7 billion last...
Running a business is an investment – you need to spend money to make money. But when it comes to managing your spend, there’s no room for error if you’re going to accurately forecast, budget, and invest. That means every expense report needs to...
When driving around for work, you have enough to worry about. Whether you’re a saleswoman on the way to close a big deal or a doctor off to make a house call, you should be focusing on the task at hand rather than calculating and recording the...
For finance managers, it’s very easy to focus on the risks that fall into your remit: failing to comply with legislation, breaching travel and expense policy, falling victim to fraud, and the like. But businesses face other risks too. And as a...
As we continue exploring how to better manage employee initiated spend, this article focuses on using corporate cards and P-cards as a means to facilitate unstructured spend visibility and control. Furthermore, it highlights the benefits of...
At Concur, we're constantly thinking of ways to improve business efficiency for our customers. Read here to learn about our latest insights and thoughts regarding Expense, Travel, and Invoice!