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Cost-cutting is not the only primary objective of spend management—it's about maximizing value and enhancing operations. Our latest blog dives into why business spend management is crucial for managers seeking greater control and efficiency in their company's financial strategies. https://hubs.ly/Q02nmS_k0
As it stands, the SaaS market is projected to grow to $908.21 billion by 2030. Yet, with the ease of adoption comes challenges, including subscription-based pricing and decentralized spending.
Learn how all-inclusive expense management solutions provide visibility, identify cost-saving opportunities, and streamline SaaS expenses effectively. https://hubs.ly/Q02jprwF0
Finance managers need to focus on strategy, budgets, and the bottom line. But finance processes remain deeply rooted in spreadsheets, mountains of receipts, and chasing down managers. Get your copy of the latest Definitive Guide to Finance Automation and discover how automation can redefine how your finance team performs. https://hubs.ly/Q02jpmsq0
Unpredictable travel expenses have a certain impact on the company’s bottom line. How much is too much? The travel expense accounting process maps out a series of steps aimed at generating accurate reports on employee spending during corporate trips.
One key activity that contributes to a more accurate report includes collecting receipts digitally as valid proof of purchase. Read more: https://hubs.ly/Q02jpl6h0
According to the Deloitte CFO Signals Report, 76% of CFOs are expecting digital transformation and technologies to play a more significant role in 2024. How will digital transformation play a role in your company's strategies? https://hubs.ly/Q02jphY10
Finance teams are constantly striving to find ways to improve efficiency and save costs. One area that often presents challenges is expense management. In the latest blog, we dive deeper into expense management automation and the benefits it brings forth, such as risk minimization and better control over visibility and spending. Learn more: https://hubs.ly/Q02frG_10
71% of CFOs say travel and expense management absorbs too much time and attention while wasting around 3,000 hours correcting errors annually. Legacy systems and processes could be the cause. Download the research report to learn more: https://hubs.ly/Q02frGBW0
Are finance executives overlooking the potential impact of transforming how they manage travel and expenses?
Download the playbook to explore how companies are implementing an end-to-end solution for T&E management to grow efficiently and sustainably alongside their business — all while optimizing costs and improving the overall employee experience. https://hubs.ly/Q02frFKN0
Unsettling truth: Corporate travel costs are soaring, posing risks for small businesses.
Travel managers must remove unnecessary expenses by strictly following cost-cutting objectives in the travel policy. Our blog outlines three strategic goals small business travel managers should set course for. Read now: https://hubs.ly/Q02frDBJ0
Innovation was a huge focus for us in 2023, so we were especially proud to be recognized as the Best Expense Management Software by U.S. News & World Report. Here’s a high level look back at all of the hard work, innovation, and exceptional service that we delivered last year.
All the hard work that went into delivering and incredible customer experience this year.
Airports become a hectic place during the holiday season, and sometimes it truly feels like you are surviving your holiday flight, instead of enjoying it. Our dedicated team of travel agents are available round-the-clock via phone, chat, Slack, or email should travel issues arise. https://hubs.ly/Q02dxHWB0
What does T&E look like in 2023? In our latest report, we analyzed a random sample of 15,000 TravelBank expense reports. By contrasting these expenses to pre-pandemic data, we see the evolution of how employees travel, do business, and go to work.
Get your copy: https://hubs.ly/Q027CRsj0
According to the Global Business Travel Association, companies spend, on average, 3,000 hours/year of overhead just within the finance and admin teams fixing wonky or mis-submitted expense reports. TravelBank CFO Lloyd Hsieh provides his best advice for operating with a lean finance team.
Tune in to the latest episode of TravelBank Business Class now: https://hubs.ly/Q0274JSL0
In our latest State of Business T&E Report, we discovered that personal vehicle usage nearly tripled since 2019, as far fewer business travelers and employees are expensing Uber, Lyft, and taxis. Download your copy to see the evolution of how employees travel, do business, and go to work: https://hubs.ly/Q026QYyl0
What does T&E look like in 2023? In our latest report, we analyzed a random sample of 15,000 TravelBank expense reports. By contrasting these expenses to pre-pandemic data, we see the evolution of how employees travel, do business, and go to work. The results surprised us. Download now: https://hubs.ly/Q0267y5x0
Join us for a recap of TravelBank's Q3 2023 product updates in our on-demand webinar. Discover how to leverage the latest features, streamline expense management, and maximize your flight experience with premium seats: https://hubs.ly/Q025RCl00
Regardless of the business size, many hotels will go above and beyond to ensure that their corporate guests are well taken care of. With hotel corporate codes, small businesses can also take advantage of discounted rates on rooms, meals, and other amenities to reduce their business travel spend. Learn more: https://hubs.ly/Q0258YQM0
61% of businesses around the world struggle with their cash flow. Part of the problem stems from poor oversight over the company’s expenses and revenue. Itemized receipts can play a pivotal role in helping business expense managers better understand how employees use company financial resources. Learn more:
In this article, we will explore what an itemized receipt is and how business travel managers can leverage it to better manage their business travel resources.
Did you know that the estimated global business travel spend is over 900 billion U.S. dollars? This figure is projected to rise to 1.47 trillion dollars by 2026. As a business travel expense manager, you’re always looking for ways to minimize travel expenses on hotel accommodation, food, and transport whenever you or your employees travel. In this article, we’ll take a closer look at how to get the best hotel corporate codes in 2023: https://hubs.ly/Q0252wrJ0
The small, detailed receipts provided by vendors after every purchase, can hold tremendous power when it comes to corporate travel expense management. In this article, we will explore what an itemized receipt is and how business travel managers can leverage it to better manage their business travel resources.
Read now: https://hubs.ly/Q024y4Tv0
Considering piloting automation within your finance function? Successful automation of finance processes doesn’t have to be complex, but it should be strategic. Continue reading for tips and considerations for your automation journey: https://hubs.ly/Q024bSZW0
Successful automation of finance processes doesn’t have to be complex, but it should be strategic. Start by identifying opportunities for “only finance” automation. Focus on what you can control. Automating tasks or processes that are wholly owned by the finance team are a much easier lift.
Learn more practical tips and considerations for piloting automation within your finance function: https://hubs.ly/Q023xxcl0
56% of CFOs say their departments have adopted automation technologies to Accounts Payable and Receivable and reporting and analytics.
But with CFOs so focused on these core areas, they may overlook ways to modernize other finance-adjacent processes that weigh down their teams with manual work. Embracing automation can help eliminate overhead and make expense management easier. Find out how: https://hubs.ly/Q023l3WC0
In the Chief Executive Group's latest CEO Confidence Index survey, 81% of U.S. companies are shifting to remote or hybrid work setups, reaping substantial savings. Yet, despite most companies adopting remote workforces, our recent survey of CFOs found that only 55% of CFOs have an expense policy for remote workers.
Continue reading: https://hubs.ly/Q0233y520
2023 is the year to bid farewell to legacy FinTech. According to a recent CFO Dive survey, 42% of executives are prioritizing new tech adoption or legacy system replacements. For the first time, there are new bespoke technologies for the finance function.
Discover more from the latest report: https://hubs.ly/Q022VVTH0
One of the most common TravelBank reports used by our 20,000 customer organizations is the Flight Bookings Report. In this report: Track traveler information and trip details, including how far in advance flights are booked, the length of each trip, change fees, and how flight prices compare to budgets. Gain insight into all nine TravelBank reports: https://hubs.ly/Q022qmGJ0
In a recent CFO Dive survey, 42% of finance executives revealed their top priorities for 2023: embracing new technologies and replacing legacy fintech systems. Continue reading to find out how finance leaders are gearing up for this transformation: https://hubs.ly/Q0226fRh0
TravelBank's analytics dashboard provides real-time spending insights, predictive trip budgets, and automated expense tracking. Empower your finance team with the tools they need. See it in action with our Product Tour.
Watch the demo now: https://hubs.ly/Q021QLql0
CFOs highlight their top finance automation challenges: integrating with other systems (51%) and overcoming legacy hurdles (49%). This highlights the importance of having all stakeholders at the table from the onset of the project. Cross-functional collaboration is critical because an update to a finance system, no matter how trivial it may seem, can have repercussions on other functions. Read full report: https://hubs.ly/Q021Fc8z0
Business travel expenses remain one of the most difficult costs to control. We have put together two sample T&E dashboards that can help finance teams proactively monitor compliance, budget, and anomalies. Learn more: https://hubs.ly/Q021wBcq0
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As travel continues to ramp back up, you may be wondering: What are other companies doing? How has their T&E program changed? What new technologies should I be leveraging? TravelBank's Daniel Duffy shares his thoughts on what TravelBank’s T&E program looked like coming into 2020, what has changed over the last 15 months, and what's next. Tune into Episode 3 of TravelBank Business Class on Spotify now: https://hubs.ly/Q01-XYFJ0
🎧 Tune in to Episode 2 of our podcast: 'Adapting Expenses to a Forever Remote Workforce'. With 61% of American professionals saying virtual meetings are more engaging than face-to-face meetings, how employees travel, do business, and go to work has probably changed forever. Discover how Finance & HR plan for permanent remote workforces with insights from Connor Lawrence and Brenna Casserly. Listen on Spotify now: https://hubs.ly/Q01ZPL3K0
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