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Innovating To Capture Value, While Stemming Losses 

PYMNTS

Data: $68K: Median fraud loss in the spend management industry. 26 percent: Share of hearing-impaired consumers not buying hearing aids due to expense and demeaning purchase experiences. involving expense reimbursement. 1K: Number of robots DHL has recently added to its existing warehouse locations.

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Corporate Card Innovators Bank On Continued Business Spend

PYMNTS

The Emburse Cards come integrated with spend policy controls, the company noted, and are looped to a platform allowing for professionals to create physical and virtual cards for employees. Pleo Centralizes Card Spend Data. Brex Beefs Up Rewards Program.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

PYMNTS

Paper expense reports also leave SMBs vulnerable to fraud — intended or otherwise — from their employees, something they may not realize in time. A 2018 report found that 21 percent of the fraud SMBs see is expense reimbursement fraud from their own employees. Digitizing these processes can ease SMBs’ tax frustrations.

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What Drives Corporates To Ditch Some Payment Tech, And Flock To Others

PYMNTS

Sterling Snow, vice president of marketing at corporate spend management company Divvy , recently told PYMNTS that businesses (at least, the ones he works with) are hardly using checks at all. But it’s not the only thing businesses are trying to get rid of when it comes to company spend.

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How Schools Can Ace Employee Spend Management

PYMNTS

Public school budgets are tight, and whenever public funding is involved, it’s not only important to tighten the grip on spend, but to build transparency of the taxpayer dollars being used. But the spend management needs of the education system cannot entirely be met by a single solution that provides visibility into capital expenditure.

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Deep Dive: Mobile Expense Reporting Helps Business Travel Take Off

PYMNTS

On the other hand, asking employees to pay out of their own pockets and wait for reimbursement, or forcing them to go through lengthy expense claim processes, can cause resentment. Such inefficient procedures waste managers’ time and provide little visibility into spending, and they can delay approvals and cause liability issues.

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Don’t be hurt by the shortage of accountants. Give them what they need.

Airbase

At Airbase, we’ve heard stories about the problems that our customers used to have when closing the books, with entries for spend flooding in from all areas on corporate cards, via purchase orders, and from expense reimbursement requests. Schedule a demo with Airbase to see how a spend management platform makes a difference.