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 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 ...
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 ...
The 2024 financial landscape is evolving at an unprecedented pace, influenced by consumers' relentless appetite for convenience. These FinTech trends are reshaping the responsibilities and expectations ...
Travel and expense (T&E) spending is significant at many organizations, and difficult to rein in. Low employee awareness and poor compliance with corporate T&E policy have real costs. Here's what we ...
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 Or maybe your employees are avoiding their expense reports due to frustrating, outdated software?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, ...
As we step into 2024, the financial landscape is evolving at an unprecedented pace, influenced by several emerging trends. These trends, ranging from advancements in FinTech to shifts in regulatory ...
Standard business practice mandates that all transactions between vendors and buyers, whether large or small, be supported by the appropriate documentation. Travel receipts serve as more compelling ...
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
Research from Global Workplace Analytics says a typical U.S. employer is realizing cost savings—to the tune of $11,000 per remote worker each year—by scaling back their physical footprint. Companies that ...
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 the Chief Executive Group's April 2023 CEO Confidence Index survey, 81% of U.S. companies reported that they're currently operating either fully remote or in a hybrid capacity. And no wonder. ...
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 ...
In a survey of almost 2,400 Finance leaders across different industries, we found business travel expenses remain one of the most difficult costs to control. In these nine most common TravelBank reports ...
In a survey of almost 2,400 Finance leaders across different industries, we found business travel expenses remain one of the most difficult costs to control. In these two sample T&E dashboards, finance ...
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 ...
The past three years have forced companies to permanently rethink their attitudes toward corporate T&E. In response to Covid-19, remote working, and economic volatility, corporate travel is now firmly in ...
Skift and TravelBank recently surveyed 640 corporate travel and finance professionals on the permanent changes remote work has introduced for corporate travel programs and expense management strategies. ...
The Current Outlook Why Travel & Expense Policy Violations Happen The Impact on Finance Teams How to Reduce Travel & Expense Policy Violations CFOs are transforming how their ...
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: ...
TravelBank recently analyzed TravelBank user data, interviewed customers, and surveyed hundreds of finance and HR leaders. All in an effort to understand the durable effects of the pandemic on ...
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 ...
As a CFO, you know that the finance world is constantly changing. Here are five 2023 financial trends we're anticipating. >> Related: 10 Shifts In Business Travel Expenses
If the past year has taught us anything, it is that what we considered “normal” can be flipped on its head in an instant—including where and how we work. With many organizations shifting to fully ...
Organizations need expense data to flow into their accounting, enterprise resource planning (ERP), and other software in order to operate their business. TravelBank expense data export allows finance ...
The travel space is in a state of constant innovation and continues to look for the best ways to get people from one place to another. But when it comes to business, employees, travel managers, 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 ...
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