Do you keep a close watch on how workers are paid and why? States are getting more serious about stomping out worker misclassification.
On any typical day, your Accounts Payable staffers are zoned in on paperwork and payments. But it’s essential for them to pause and take a big-picture look at your invoice process.
Sure, Accounts Payable is typically seen as a cost center. But as you set budgets for next year, there’s a viable opportunity to turn your department into a profit center through tracking A/P metrics.
The relationships your department forms with trading partners can have a big impact on your financial success and well-being. When relationships are positive, you see more discounts, favorable terms and long-lasting partnerships. But when relationships struggle, you face late fees, cut ties and maybe even costly lawsuits. Unfortunately, miscommunication and misunderstandings are common occurrences between […]
With fall reporting deadlines right around the corner for Finance, you may want to take a second look at your company’s process. Unclaimed property (UP) is a growing area of interest for states, say the corporate finance and compliance experts at Duff & Phelps. Aside from taxes, UP is another key way states can bring […]
With travelers constantly on the go, your finance staff may not talk with them too often. But for compliance with your T&E process, better communication could be the key. That’s the main takeaway from the report Travel Policy Communication: Understanding Disconnects and Increasing Compliance from the Global Business Travel Association (GBTA) and HRS Global Hotel Solutions. GBTA’s […]
One glance at all the expense reports that come through your department, it’s plain to see that some locations spur much higher costs than others. Which places can you expect to tally up the highest costs this year? According to the 2019 Corporate Travel Index from Business Travel News, the most expensive cities are: New […]
They’re still at it! Employees continue to think your company will reimburse them for things from wacky to outright outrageous.
The old saying “Time is money” rings true for your travel reimbursement process.