Although the pandemic began over 1.5 years ago, it continues to impact every enterprise function. In fact, 80% of organizations report being negatively impacted by the pandemic, according to an Emburse survey.Accounts Payable, For CFOs, SaaS and Cloud for AP
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.Accounts Payable, Expense Management, Expense Policy, Expense Reports, For CFOs, Fraud
Have you seen this video of a moose on the loose blocking traffic on a highway? The lesson here is simple: your accounts payable function can’t have bottlenecks. And those bottlenecks will slow down processes and waste company time, money, and opportunities in 2022.Accounts Payable, Invoice Management
Since the COVID-19 pandemic arrived, more companies have been forced to rethink the way they budget and spend money. For instance, 49% of businesses reviewed supplier terms and 46% reviewed customer payment terms in 2020 alone.Expense Management
As previous posts in this series (8 Ways Companies Can Adapt to The New Financial Landscape, Is Now The Right Time to Revisit Your Solution?) have indicated, the reality of corporate travel and expenses has changed drastically due to the ongoing COVID-19 pandemic. Yet despite this worldwide travel upheaval, companies are slowly but surely resuming business travel, while supporting new, remote work options.Business Travel, Chrome River, Expense Reports
In the first part of our series on the new reality of expense management, we looked at eight ways companies can adapt to the new financial landscape COVID-19 left us with, including updating T&E policies to reflect remote and hybrid workers, paying more attention to duty of care, and preparing for less frequent, yet more strategic business trips.Business Travel, Chrome River, Expense Reports
Have you seen the Rocket Mortgage Super Bowl commercial with Tracy Morgan? In the commercial, Tracy Morgan shows us why “certain” is better than “pretty sure” through a series of instructive scenarios: “I’m pretty sure these aren’t poisonous” (before eating a poisonous mushroom).Chrome River, Expense Management
It’s true—GBTA 2021 happened November 17–19th in Orlando, Florida. Emburse was one of the exhibitors and we were lucky enough to host our own Conference sessions. Everyone who attended had a blast.Business Travel, For CFOs, For Travel Managers
Just when we thought we were finally putting the pandemic behind us, new COVID-19 variants like Delta and Lambda emerged. A global supply chain snarl led to delays with Costco inventory and Amazon shipping speeds. Some countries have already reinstituted travel restrictions. But make no mistake—business travel spending is still increasing.Business Travel, For Travel Managers
Maximize revenue. Minimize spending. That’s the key to financial success, right? While following that path is easier said than done, there is a quicker way to reduce your expenses right now: negotiate discounts with your vendors. For example, before the pandemic, major airlines like American Airlines and Delta Airlines offered corporate discounts, benefits, and services to large businesses. By showing them how often your employees paid for their services, you could negotiate meaningful discounts.Accounts Payable
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.