5 proven ways to cut telecom costs
From cell phones to BlackBerrys, does keeping Finance equipped with up-to-date wireless communication tools have to be so costly?
From cell phones to BlackBerrys, does keeping Finance equipped with up-to-date wireless communication tools have to be so costly?
There’s no shortage of outlandish expense report claims for U.S. businesses. In fact, this year’s expenses are even bolder and more bizarre than we’ve seen in the past.
Many employees are playing loose and fast with company spending rules during the coronavirus pandemic. In fact, your peers are seeing a staggering 206% increase in the T&E spend violations rate. That’s despite a 63.5% drop in T&E spending. So finds Oversight’s latest “Spend Insights” report. Yes, some of those spending violations can be chalked […]
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 costs of supplies. Sure, that’s one approach to cost control – but is it the […]
Alert your A/P team: IRS has new special per diem rates for business travelers, effective Oct. 1, 2022, through Sept. 30, 2023. Notice 2022-44 lists the new rates, which you can use to substantiate the amount of expenses for lodging and meals and incidental expenses (M&IE) for your road warriors, instead of reimbursing actual travel […]
Game time! Here’s a little fun you can have with your finance staffers the next time you sense a small productivity slump is afoot.
Travel and entertainment expenses have long been a sore spot for companies of all sizes. Guest poster Robert Neveu of Certify offers a look at how to develop organization-wide guidelines — and make them stick.
In an economic climate where you might have to do some belt tightening, a cash leak from internal theft is unacceptable. However, according to Aaron Evett, director of implementation of the expense management and business budgeting software company Divvy, a lot of companies don’t realize how much money can be saved just by taking measures […]
Since remote and hybrid work became normal for many companies, some workers are complaining that their employers should pay for work-from-home expenses, such as internet and electricity costs, printers and office supplies. A few employees are even suing their employers to recover what they’re spending on work-from-home expenses. Bank of America, Liberty Mutual Insurance, Oracle, […]
It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing hotel industry recovery struggles are likely to trigger higher prices and other challenges for securing […]
Heads up for A/P: The U.S. General Services Administration (GSA) has announced its FY 2024 per-diem allowance rates for folks traveling for work in the continental United States (CONUS), effective Oct. 1, 2023. While many employers use the per-diem rates set by the GSA, they can use alternative reimbursement methods as well, such as the […]
The rare midyear change to the IRS standard mileage rate in 2022 didn’t stop all the standard mileage rates used to calculate the deductible costs of operating a vehicle from going up for 2023. So it’ll cost your company a little more to reimburse employees’ vehicle travel this year. The Service announced that as of […]
For the second year in a row, IRS has lowered the standard mileage rate — and that’s not the only reimbursement rate that’s down for 2017.
When it comes to travel-expense management tools, CFOs have never had a greater variety of options to choose from — and it’s only about to get better. Sunny Manivannan, the general manager of Coupa Expenses, guest authors a post for CFO Daily readers on how we got here and what we can expect next from […]
Heads up, finance leaders. There’s a critical shift happening in the travel expense management world centered around non-employee expenses.
Pass it along to A/P: There are new IRS per diem rates for business travelers, effective Oct. 1, 2023 through Sept. 30, 2024. Notice 2023-68 announced the special IRS per diem rates, which you can use to substantiate the amount of expenses for lodging and meals and incidental expenses (M&IE) for your road warriors. While […]
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