Corporate Travel KPIs for Every Company

 Every year companies spend a significant percentage of their revenue on corporate travel. The recurring expenses help them to achieve an increase in profits. But no business can calculate the return on costs (ROC) accurately without measuring the effectiveness of its travel management process using a slew of Key Performance Indicators (KPIs).

The travel management software enables businesses to gather real-time employee travel data regularly. Hence, travel managers can calculate ROC and make informed decisions by using the right corporate travel KPIs to evaluate the travel management process. 

Source : https://itilite.wordpress.com/2022/05/04/top-11-corporate-travel-kpis-for-every-company/

Business Expense Management Software

 Your business cannot speed up expense processing and reduce processing costs by managing employee-initiated expenses manually. Like other enterprises, you can reduce both costs and manpower through automation of the expense management process.

The software will help your business overcome several shortcomings of manual business expense processing – delay in expense reimbursement, chances of human errors, risk of expense fraud, and lack of options to track spending trends. Also, it will make it easier for employees to submit expense claims.

Source : https://itilite.wordpress.com/2022/05/04/how-to-choose-the-right-business-expense-management-software/

Benefits of Expense Management Software

 Every organization these days incur a variety of business expenses and reimburse a variety of employee-initiated expenses. Large enterprises deploy dedicated staff to track, process, reimburse and audit various employee-related expenses efficiently. Likewise, small business owners and entrepreneurs have to put in extra time and effort to streamline the expense management process.

Every enterprise can save the time and resources required to manage work-related expenses by switching from manual expense processing to automated expense processing. If your organization is still managing expenses manually, it is time for you to invest in expense management software.

Source : https://itilite.wordpress.com/2022/05/04/10-benefits-of-using-expense-management-software/