Expense Policy
VAT IT Partners With Emburse to Help Companies Save 27% on Expenses
![VAT IT Partners With Emburse to Help Companies Save 27% on Expenses](https://chromeriver.imgix.net/blog/iStock-1158787442.jpg?mtime=1649728282)
For European companies, submitting claims for Value Added Tax (VAT) refunds is a chore. Fortunately, Emburse and VAT IT have partnered on a joint VAT reclaim solution to help simplify, streamline, and optimize the VAT refund submission process.
5 Reasons Why Finance & Procurement Work Better Together
![5 Reasons Why Finance & Procurement Work Better Together](https://chromeriver.imgix.net/blog/iStock-646860750.jpg?mtime=1648052399)
Finance and Procurement—departments that used to operate on a mostly independent basis—are rising to the challenge and finding new ways to work together and build back that trust to drive better outcomes.
4 Tips for Month-End & Year-End Closing That Finance Managers Should Know
![4 Tips for Month-End & Year-End Closing That Finance Managers Should Know](https://chromeriver.imgix.net/2016/assets/headers/2016-resources-01.jpg?mtime=1464298924)
Anyone working on a finance team knows exactly how stressful accounting periods are. There are a ton of last-minute requests, unexpected bottlenecks, and unpredictable delays that arise from running both accounts payable and receivables while maintaining the highest quality and compliance standards.
How to Avoid an ‘OK Boomer’ Reaction to Your Corporate Travel Policy
![How to Avoid an ‘OK Boomer’ Reaction to Your Corporate Travel Policy](https://chromeriver.imgix.net/blog/iStock-1136188848.jpg?mtime=1573599822)
In the era of bleisure travel, ride-sharing and electric scooters, expense policies of old sound positively archaic. Any travel leader who expects their team to follow the policy down to the letter will likely be met with eye rolling and mutterings of “OK Boomer.” How can organizations keep their business travelers happy without killing the bottom line?
Does Your Organization Have a Proactive Travel & Expense Process?
![Does Your Organization Have a Proactive Travel & Expense Process?](https://chromeriver.imgix.net/blog/iStock-1049599362.jpg?mtime=1572033556)
Do the travel processes and policies within your organization help or hinder its core goals? Take our quiz to see how your organization's travel culture could impact the bottom line.
Readying your T&E Program for the Next Decade
![Readying your T&E Program for the Next Decade](https://chromeriver.imgix.net/blog/iStock-176991103.jpg?mtime=1570208436)
We're now less than 90 days away from the end of not just the year, but the decade. Is your T&E program future-ready and prepared for the next era of business and travel?
Companies with a Strong Travel Culture Deliver Better Business Results
![Companies with a Strong Travel Culture Deliver Better Business Results](https://chromeriver.imgix.net/blog/iStock-1021502842.jpg?mtime=1567696397)
How can organizations use their travel culture to maintain success in a competitive business environment? In this guest blog, Connie Chung, senior director of global product management at Egencia, outlines key research findings that illustrate the benefit of a strong travel culture.
Why is Your Company STILL Doing Manual Expense Reporting?
![Why is Your Company STILL Doing Manual Expense Reporting?](https://chromeriver.imgix.net/blog/iStock-922007310.jpg?mtime=1559166861)
We’re in 2019. Cars can drive themselves. You can order niche products on Amazon and have them delivered to your door the same day. You can tell your phone to play some obscure song from your youth that you’ve not even thought about in 30 years. So why are you making your employees do their expenses using tape and printed spreadsheets?
Is Your Travel Expense Policy Keeping Up With the Times?
![Is Your Travel Expense Policy Keeping Up With the Times?](https://chromeriver.imgix.net/blog/blog_10-30.jpg?mtime=1540853856)
Your organization must ensure that its travel and expense policy stays updated, to support the requirements of both the employer and also those who need to submit expense reports. With services such as Uber/Lyft and Airbnb now in the mainstream, is your policy keeping up?
How I Did It: Speeding up Expense Reimbursement with Automated Policy Compliance
![How I Did It: Speeding up Expense Reimbursement with Automated Policy Compliance](https://chromeriver.imgix.net/blog/ISU_campus.jpg?mtime=1541017925)
Idaho State University (ISU) is a public research university in Pocatello, Idaho. Founded in 1901 as the Academy of Idaho, ISU now has 14,000 undergraduate and graduate students and more than 2,000 faculty and staff. In this guest blog post, Lisa Leyshon, assistant controller at ISU, explains how the university let business flow by automating expense policy compliance and speeding up the approval process, getting reimbursements back in travelers’ accounts much more quickly.
Will Your Expense Management Solution Evolve with Your Organization?
![Will Your Expense Management Solution Evolve with Your Organization?](https://chromeriver.imgix.net/blog/iStock-874231466.jpg?mtime=1537980234)
Change is a constant in the business world. New business units. International growth. Acquisitions. For an organization's software solutions to keep up, it needs to be flexible and robust enough to adapt as a company evolves. When choosing an expense management solution, how can organizations ensure that it will be able to adapt to the changing tides?
Playing by the Rules: Why Configurability is Key in Expense Management Choice
![Playing by the Rules: Why Configurability is Key in Expense Management Choice](https://chromeriver.imgix.net/blog/9-6_blog.jpg?mtime=1536245604)
One of the biggest benefits that an expense management solution can deliver is automated enforcement of an organization's expense policy and approval processes. However, not all expense solutions have the capability or flexibility to support the requirements of complex global organizations.
How I Did It: Five Key Steps to Manage Technology Change
![How I Did It: Five Key Steps to Manage Technology Change](https://chromeriver.imgix.net/blog/7-18-18_blog.jpg?mtime=1531869379)
Nixon Peabody, LLP is a Global 100 law firm with more than 700 attorneys across the U.S., Europe and Asia. In this guest post, Karen Keegan, Nixon Peabody’s assistant controller, discusses how to the firm let business flow by effectively managing technology change.
Intelligent Automation with Chrome River Autobot: Eliminating Repetitive Tasks in Expense Approval
![Intelligent Automation with Chrome River Autobot: Eliminating Repetitive Tasks in Expense Approval](https://chromeriver.imgix.net/blog/Bot_blog_pic.jpg?mtime=1530823159)
Chrome River announces the launch of Autobot - an intelligent automation solution which enables organizations to create custom workflows that streamline repetitive manual tasks.
What Critical Factors Must You Know About For Global Expense Management?
![What Critical Factors Must You Know About For Global Expense Management?](https://chromeriver.imgix.net/blog/iStock-694356140.jpg?mtime=1523393017)
Every company has unique requirements for its expense management solution, be it industry-specific regulations that need to be followed or complex business rules for approval routing. However, few organizations have as specific and complex needs for their expense management system as those with a significant global presence.
Overcoming the Headache of Changing Global Expense Tax Regulations
![Overcoming the Headache of Changing Global Expense Tax Regulations](https://chromeriver.imgix.net/blog/Dubai.jpg?mtime=1523312240)
There are countless nuances of international business regulations that organizations need to follow. In particular, how can companies ensure that they stay compliant with global statutory requirements for expense reimbursement?
Keeping Your Team Happy (and Healthy) on the Road
![Keeping Your Team Happy (and Healthy) on the Road](https://chromeriver.imgix.net/blog/ThinkstockPhotos-669512616.jpg?mtime=1521840915)
For the team members that are at the core of driving revenue--sales reps, those managing suppliers, key partners, or account managers--frequent travel is imperative to their role and their company’s success. To keep these employees both happy and healthy, it’s critical that employers take steps to look after their team-members’ well-being while on the road. How can companies support this without breaking the bank?
Three Reasons Why Manual Expense Management Kills Policy Compliance
![Three Reasons Why Manual Expense Management Kills Policy Compliance](https://chromeriver.imgix.net/blog/ThinkstockPhotos-84461305.jpg?mtime=1508367600)
We all know why companies plan out corporate travel expense policies. They provide clear do’s and don’ts to business travelers, which saves organizations money by reducing excessive and wasteful spending.
Why your Expense Policy Should Follow your Business Travelers (Not Just the Other Way Around)
![Why your Expense Policy Should Follow your Business Travelers (Not Just the Other Way Around)](https://chromeriver.imgix.net/blog/ThinkstockPhotos-542082090_2.jpg?mtime=1504127163)
How often does your organization's expense policy get updated, and how does it address innovations in travel and travel technology? In order to keep your employees satisfied, you should ensure that your policy stays abreast of emerging travel trends.
The Cost-Control Benefits of Analytics in Expense Management
![The Cost-Control Benefits of Analytics in Expense Management](https://chromeriver.imgix.net/blog/ThinkstockPhotos-533699494.jpg?mtime=1530307950)
Expense report software solutions can create huge volumes of data on employees' business travel spend. How can organizations use this to make smarter decisions?
Creating and Enforcing Expense Policies: The Happy Medium for Cost Control and Employee Satisfaction
![Creating and Enforcing Expense Policies: The Happy Medium for Cost Control and Employee Satisfaction](https://chromeriver.imgix.net/blog/ThinkstockPhotos-478948608.jpg?mtime=1499365119)
Corporate travel and expense policies have long been a hot-button issue for HR departments. On one side are traveling employees, who want to be able to choose the airlines and hotel chains where they have high status, or select flights and lodgings that are more convenient for them. On the other side are CFOs and corporate controllers, whose primary focus is to manage costs and minimize unnecessary spend. While these may seem like two groups that will never find common ground, a combination of reasonable policies, intelligent enforcement, and smart technology tools can keep all parties happy.
Reducing Employee Expense Fraud – Strategies and Tools for HR Leaders
![Reducing Employee Expense Fraud – Strategies and Tools for HR Leaders](https://chromeriver.imgix.net/blog/Pinocchio_2.jpg?mtime=1485908010)
It’s estimated that expense fraud committed by employees adds up to nearly $3 billion per year across North America. How can HR teams prevent this from happening at their organization?
Capturing and Optimizing Your True Corporate Travel Program Spend Using Total Cost of Ownership
![Capturing and Optimizing Your True Corporate Travel Program Spend Using Total Cost of Ownership](https://chromeriver.imgix.net/blog/ThinkstockPhotos-98198508.jpg?mtime=1494434480)
If your CFO or controller asked you to provide the organization’s total travel spend over the past year, how would you get that data? The obvious (and traditional) answer is to ask for reports from your travel agency, breaking down hotel, flight and rental car costs. That should give you a pretty accurate figure, right? Well – not really.
How Improving your Travel and Expense Policy Can Help Retain your Best Staff
![How Improving your Travel and Expense Policy Can Help Retain your Best Staff](https://chromeriver.imgix.net/blog/ThinkstockPhotos-200412529-001.jpg?mtime=1489722214)
Business travel is a topic that can engender huge differences in opinion among those whose jobs require them to spend time on the road. For some, it’s viewed as a perk, for others, a burden. Regardless of whether your employees love or loathe life on the road, it's essential to optimize the traveler experience.
6 Best Practices for Reducing Expense Fraud
![6 Best Practices for Reducing Expense Fraud](https://chromeriver.imgix.net/content/cta/ThinkstockPhotos-78461515.jpg?mtime=1481757751)
Expense fraud can happen at even the best-run organizations, but your company can definitely arm itself with the tools and processes to rein it in.
Creating an Expense Policy that Helps, not Hinders Your Employees
![Creating an Expense Policy that Helps, not Hinders Your Employees](https://chromeriver.imgix.net/blog/ThinkstockPhotos-504876834.jpg?mtime=1479424398)
Creating an effective expense policy is a balancing act. You need to walk the fine line between eliminating unnecessary costs and establishing a policy that is reasonable and workable for employees and managers alike. Create a policy that’s too lax and you’ll watch travel costs skyrocket. Create one that’s too stringent and you’ll end up with impractical restrictions, unhappy business travelers, and an increased risk of expense fraud.
How to Prevent Business Expense Fraud
![How to Prevent Business Expense Fraud](https://chromeriver.imgix.net/blog/ThinkstockPhotos-483095403.jpg?mtime=1479412777)
Businesses lose an estimated $2.8 billion per to expense fraud in the U.S. alone. How does this happen, and what can be done to prevent it?
Bridging the Generation Gap: Catering to Millennials in Business Travel
![Bridging the Generation Gap: Catering to Millennials in Business Travel](https://chromeriver.imgix.net/blog/GettyImages-181873220.jpg?mtime=1476107911)
In a previous post we spoke a little about the recent GBTA / American Express Business Traveler Sentiment Survey, and the impact of booking and expense policies on business travelers. This week, let’s look at how organizations can best bridge the generation gap when it comes to providing a better experience for their largest (and growing) audience - Millennials.
Why Sensible Travel Expense Policies are Critical for Business Traveler Happiness
![Why Sensible Travel Expense Policies are Critical for Business Traveler Happiness](https://chromeriver.imgix.net/blog/Limousine_Private_Jet.jpg?mtime=1476108089)
The Global Business Travel Association recently announced the results of its Business Traveler Sentiment Index Global Report. The report assesses the overall happiness with several aspects of travelers’ overall experience, from making travel arrangements through to getting through airport security and taking various forms of ground and air transport.
How Can You Maximize Expense Policy Compliance and Maintain Traveler Happiness?
![How Can You Maximize Expense Policy Compliance and Maintain Traveler Happiness?](https://chromeriver.imgix.net/blog/relax-beach-laptop.jpg?mtime=1472006211)
Corporate travel and expense policy compliance is a constant theme in the business travel industry. Although using the corporate expense policy manual as a stick to beat your travelers may be a short-term solution to enforce compliance, it doesn’t address the underlying issues of why employees don’t adhere to the policy, and could also alienate travelers by imposing regulations that reduce productivity and create frustration.
5 Benefits of Corporate Card Programs
![5 Benefits of Corporate Card Programs](https://chromeriver.imgix.net/blog/CreditCards.jpg?mtime=1472006619)
Ah, here we are, the ever-popular debate on the pros vs the cons of corporate card programs! Why should businesses allow employees to have corporate cards? Some feel that they have the potential to increase the organization’s financial exposure, risk employees racking up large bills, and are potentially tricky for finance teams to both implement and manage on an ongoing basis. Done right, however, corporate credit and payment cards can offer wide-ranging financial, operational and security benefits.
Expense best practices to delight your employees AND your CFO
![Expense best practices to delight your employees AND your CFO](https://chromeriver.imgix.net/blog/ThinkstockPhotos-74879089.jpg?mtime=1472007338)
Anyone who has looked at some of the perks that companies offer will understand that any forward-thinking organization places a premium on attracting and retaining the best talent. When you factor that it costs an average of 6-9 months’ salary to replace an employee, spending a little extra to keep your team happy is a sound investment. The hard cost of employee turnover is, of course, just one issue here. Companies’ ability to thrive is reliant upon attracting and retaining the best talent. Being unable to keep and hire staff can have a seriously detrimental impact on an organization’s overall health.
Seven tips for creating an expense policy that your employees will love (well, almost)
![Seven tips for creating an expense policy that your employees will love (well, almost)](https://chromeriver.imgix.net/blog/cr_fun_trip.jpg?mtime=1472007775)
We’d all love to fly first class and eat steak dinners on somebody else’s dime, but if everyone did that, many companies would run out of cash pretty quickly. Therefore, creating a sensible expense policy is a must for any organization to both control costs and, as we recently said in our white paper, reduce business expense fraud. Without a clear policy, staff are left in the dark about what is and isn’t allowed, and will just assume how much they can spend. And we all know what “assume” does.
Search
Subscribe
Latest Posts
- Ein automatisiertes Rechnungsmanagement verbessert die Agilität
- 9 Anzeichen dafür, dass Sie zu einem anderen Reisekostenmanagementsystem wechseln sollten
- Auszeichnungen, Preise, Awards - warum Kunden, Analysten und Experten Emburse so sehr schätzen
- 6 Schritte zu einem neuen Reisekostenmanagementsystem
- IDC stuft Chrome River als Leader bei Enterprise-Lösungen für das automatisierte Rechnungsmanagement
Posts by Category
Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.