Did you know your company could be losing 10% to 20% of its savings due to maverick spending? That's according to a study by fintech software provider Basware and The Hackett Group. A report by B2B software developer Order says…
Cost Control
Inflation hasn't been this high in decades, and you may be wondering how it'll affect company benefit costs. You're not alone. In a recent Mercer survey, most CFOs (68%) said controlling employee health benefit costs is a significant/very significant concern.…
With the Great Resignation impacting hiring and retention across the board, your company may be investing more money in talent acquisition right now. And you definitely don’t want any of those dollars wasted. Top pain points Right now, the field…
Quick: What would you say is the biggest threat that could derail your business in the coming months? Unfortunately there are no shortage of them – if you ask your fellow finance pros. The Association for Financial Professionals’ (AFP) 2021…
Expense reports may have decreased for some companies during COVID. But in many cases, expense reimbursement requests are back on the rise. Your A/P team should keep its eyes peeled and expect more mistakes as more employees submit expense reports.…
Due to the rise in remote work, a new trend for employees is the “workcation.” And it may need to be addressed in your company's T&E policy. It typically hasn’t been all that uncommon for employees to add a few…
Correcting mistakes and preventing misunderstandings from employees concerning your T&E policies is not only time-consuming for your A/P team, but it can hurt the company’s bottom line if expenses are consistently reimbursed incorrectly. With that in mind, it’s important to…
From Zoom to Microsoft 365, software as a service (SaaS) apps are essential to your firm. But many companies overspend on SaaS due to platform redundancies, overlooked auto-renews and missed opportunities to re-negotiate subscription/license terms. Getting more SaaS value According…
While business travel rates should continue to increase in 2022, many employees aren't comfortable with taking planes to destinations just yet. That means car travel will be popular this coming year. In fact, 62% of business travelers said they’d be…
As CFOs, we have a lot on our plate. We spend far more time worrying about maximizing performance and hitting quarterly sales targets than we do thinking about the comparatively minor risk of hypothetical fraud, misuse and waste impacting our…
The fourth quarter is here, and we continue to feel the effects of the pandemic. It’s become apparent that businesses will need to evolve and embrace new strategies to thrive in 2020 and beyond. Adapting to the economic downturn caused…
An ongoing objective for your finance team is to find savings opportunities. And never before has that been so necessary. With a worldwide pandemic, a dwindling economy and companies everywhere finding themselves in financial binds, the focus on cutting costs…
