Your company could potentially save big bucks if employees buy their meds from a direct-to-consumer online pharmacy backed by NBA team owner, "Shark Tank" investor and billionaire internet entrepreneur Mark Cuban. Launched in January, the Mark Cuban Cost Plus Drug…
Cost Control
The hybrid work environment has many companies re-evaluating the cost-effectiveness of their real estate strategy. You may have noticed a major shift in work patterns in some industries: more telework and less five-day, in-person work environments. As a result, office…
A workcation - also known as "bleisure" travel - is when employees extend their business trip plans to enjoy sightseeing and other recreational activities. Allowing it is a good way to boost morale and encourage more employees to hit the…
To prevent rising interest rates from taking a bite out of the bottom line, your peers could be considering an interest rate hedging strategy in order to keep the rates low on variable-rate business loans and stabilize cash flow. Because…
Corporate travel was a casualty of the COVID-19 pandemic. As business travel begins to rebound this summer, some organizations may continue to keep travel at a minimum as a method of cost control in response to inflation and the rising…
With inflation's impact on the costs of raw materials, commodities, labor and shipping, trying to control costs at your organization may feel like you're climbing up a downward-moving escalator. But even with higher supplier prices across the board, it's possible…
Ever since the pandemic caused a shift to remote work, more employees value flexibility than ever before. And that’s caused some new productivity trends to take shape that you should know about. How flexibility affects employees' productivity To keep your…
You’ll need to keep brainstorming with HR about how to avoid the high costs of turnover at your company, since a new survey from Robert Half shows the Great Resignation isn’t showing signs of slowing down anytime soon. Over 40%…
No matter the size of your business, it's worth taking note of the strategic moves that small businesses have made to adapt, innovate and survive since the pandemic, and considering if they're also right for you. A recent survey by…
T&E is one of a company’s biggest costs. While you want to keep these expenses under control, many employees see business travel to exotic locales as one of the perks of their jobs, so it can be a tough balance…
To prevent cash from slipping through the cracks, many Finance teams periodically run an A/P recovery audit to identify and recover erroneous payments and unidentified credits. Besides year-end financial reporting time, other optimal times to conduct an A/P recovery audit,…
To stay profitable and grow, businesses like yours need to take advantage of opportunities to become more efficient. However, spend management – which may be hindered by manual processes or cobbled-together financial tech resources – can be an obstacle to…
