Automation

This is the final post in our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank that examines the growing use of automation to manage ...

This is the fifth post in our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank that examines the growing use of automation to manage ...

This is the fourth post in our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank that examines the growing use of automation to manage ...

This is the third post in our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank that examines the growing use of automation to manage ...

This is the second post in our 6-part series based on a white paper with Harvard Business Review Analytic Services in association with U.S. Bank that examines the growing use of automation to manage ...

Business travel has rebounded, along with heightened pressure to better manage T&E.  Unfortunately, many businesses still rely on manual processes and spreadsheets, resulting in poor visibility into ...

Is your company wasting time manually processing expense reports? Or maybe your employees are avoiding their expense reports due to frustrating, outdated software?  According to Forrester research, ...

Traveling employees are the face of the company. Chasing after customers and attending business meetings thousands of miles away makes up the bulk of their work - and a significant investment for the ...

Business spend management is less about eliminating costs and more about getting the most out of your allocated business budget. Clearly, business managers want to optimize departmental spending, ...

Finance teams are constantly striving to find ways to improve efficiency and save costs. One area that often presents challenges is expense management. Traditionally, businesses have relied on manual ...

During a recent survey with Chief Executive Group, CFOs reported 7 primary challenges that impede their org's finance automation journey: >> Related: 2023 Is the Year of Replacing Legacy FinTech

Finance managers are focused on budgets, account reconciliation, payment dates, and the bottom line. But finance processes are deeply rooted in spreadsheets, mountains of receipts, and chasing down ...

A growing number of businesses are piloting finance automation for a wide range of reasons, from better cost controls to more streamlined accounting processes. With so many benefits to be gained, it’s ...

TravelBank can help your team pilot finance automation and tackle your travel and expense management automation needs. In this post, we'll discuss how our comprehensive platform is designed to simplify ...

The Global Business Travel Association (GBTA) reported that 19% of expense reports contain errors or missing information. And that companies "spend, on average... nearly 3,000 hours correcting errors in ...

Whether it’s used for reducing human error, boosting productivity or driving down costs, automation is redefining how finance teams perform. Yet, according to a recent survey with Chief Executive Group, ...

For many companies, travel and expense management is a ripe area for fraud. Sixty-one percent of finance executives report that their travel and expense policies are frequently or sometimes violated — and ...

Identify Opportunities for "Only Finance" Automation Get Started With a Basic Model Layer on Customizations Measure Improvements Find New Stakeholders Expand Your Finance Automation ...

In a recent CFO Dive survey, 42% of finance executives reported their highest priorities for 2023 are adopting new technologies or replacing legacy fintech systems.  >> Related: 71% of CFOs Say T&E ...

Historically, companies process around 51,000 expense reports annually, and spend 3,000 hours correcting errors. That’s 3,000 hours of overhead just within the finance and admin teams to fix wonky or ...

Many companies have adopted applications to facilitate online corporate travel bookings, virtual payments, and automated expense reporting. What most of them are still missing is a way to streamline these ...

In a recent Skift+TravelBank survey, 40% of travel and finance leaders said they plan to adopt a new travel tech stack in the next year.  That's because the pandemic accelerated the evolution of ...

The software landscape in corporate travel is changing, with a greater focus on ease of use, system integrations, and elegant automation.  In a recent Skift+TravelBank survey, 40% of travel and finance ...

CFOs see automating manual tasks as a top priority, but these projects are often hampered by their sweeping scale and complexity. Here's how to overcome the hurdles and get started. >> Related: ...

Table of Contents The Challenges of Traditional Business Travel Booking The Benefits of Technology and Automation  Selecting a Travel Booking and Management Solution Business travel ...

Making the most of the company dime goes beyond cutting costs. It’s a delicate balance between smart investments, spend controls, and efficient use of time.  That’s where automation comes in. New ...

We all know time is money, and with each new tech advancement it seems another menial task is getting automated. This is excellent news for finance. It means less time spent on administrative work and ...

Travel Management Automation in Action: Sample Workflow The Business Imperative for Finance Teams: Travel Management Simplified In the business world, finance managers are focused on ...

How Automation Saves Time and Money Why Automation Adoption Is Growing Rapidly 5 Tasks to Automate for Improved Business Travel Expense Capture Budgeting Trip Approvals General Ledger ...