article thumbnail

Best Practices for HMRC Travel Expense Management

Accounting Insight

As a finance professional, your employees’ business travel often presents a complex challenge due to the numerous policies and industry standards governing a crucial aspect: travel expenses. Dealing with never-ending expense claims can prove to be a tedious and time-consuming task that uses up important resources.

article thumbnail

Travel expense management: How T&E benefits your business

Accounting Insight

T&E promotes higher retention rates for the company Companies with well-developed T&E policies tend to have higher employee retention rates because they don’t expect their frequent travellers to stay out of pocket and wait long periods for reimbursements. What expenses are included in T&E? Book a demo today.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Embedded Finance Tops B2B Tech Funding For The Week

PYMNTS

In total, investors placed nearly $600 million for firms in the B2B payments, T&E, financial management and other B2B spaces. But it was an embedded finance FinTech that took home more than half of the funding announced. Its micro-financing portal targets SMBs that cannot access capital via traditional means.

B2B 67
article thumbnail

B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Concerns over an economic downturn haven’t seemed to dissuade venture capitalists from backing B2B FinTech firms, with this week’s roundup including players in the small business (SMB) banking, corporate travel, expense management, alternative finance and data integration spaces. 2nd Address. ANNA Money.

B2B 75
article thumbnail

Looking Within The Enterprise To Unlock Spend Data Silos

PYMNTS

In B2B FinTech, spend management is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.

article thumbnail

Small, Early-Stage Funding Rounds Dominate B2B FinTech

PYMNTS

But the largest venture capital funding round went to an accounts payable automation firm in the U.S. Travel Expense Management. Corporate travel and expense management startup Baoku Online, based in China, secured Series A funding , the firm said Monday (Nov. Finance Ireland. Baoku Online.

B2B 53
article thumbnail

Disaster-Proof Spend Management Solutions — For When Disaster Strikes

PYMNTS

As such, they can struggle to organize flight bookings, handle payments, manage trip expense records and more. The February Workforce Spend Management Tracker , a collaboration with PEX , tracks how solution providers are seeking to bridge this gap to meet the business travel expense management needs of SMBs and freelancers.