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Spend Management
February 28, 2022

These 9 resources will help you solve the problem of expense management.

Written by
Laura Slauson
Laura Slauson
These 9 resources will help you solve the problem of expense management.These 9 resources will help you solve the problem of expense management.

It’s likely that your expense management system is the kind that employees detest. One survey found that the majority of people would rather do taxes than file an expense report. The problems go beyond the bad user experience. Without real-time visibility into what is being spent, it becomes more difficult to monitor and adjust budgets. And, when finance departments spend hours on time-consuming manual processes and have to reconcile multiple disconnected expense management systems, they’re wasting time and, therefore, money. 

But expense management doesn’t have to be difficult. Modern spend management systems automate the process — from initial approval to booking to the GL. It creates easy, intuitive processes that don’t slow down employees, and it also gives finance tighter control and better visibility. 

The following resources will help any finance team solve the problems of expense management.

1. Article: Expense Management Automation: What is it? How does it work?

NetSuite provides a concise summary of how expense management processes can be automated and the many benefits of doing so. You’ll also find tips on selecting an expense management platform. 

2. Blog: Does your expense management system cost too much?

This blog takes a look at the overt and hidden costs associated with cumbersome expense management processes, and outlines the steps that eliminate those extra costs. You’ll learn how to create a process that builds reimbursement requests into employees’ daily workflows, and enables greater control and visibility into employee spending.

3. Blog: How to create easy travel & expense management processes for a smoother return to business travel.

As the world returns to business travel, it’s time to take a look at your T&E processes. This blog covers three considerations that help ensure a smooth transition. 

4. Webinar: How remote work has impacted expense reimbursement policies.

Part of our 20-Minute Tales from the Frontlines of Finance series, this short webinar talks about the tools that help remote workers purchase what they need, but still give managers necessary oversight and control. 

5. Ebook: Modern Expense Policies: Shifting from Traditional to Rule-based Policies. 

Rule-based expense management effectively removes any ambiguity from expense policies, making it easier for employees to know if an expense is compliant or not. This ebook describes the advantages of rule-based policies and shares best practices on how to implement them. 

6. Blog: Everyone hates expense reporting. So why keep doing it?

Find out what’s wrong with expense reporting and how to fix it. Learn how to create processes that ensure all reimbursements are compliant with company policy, and put employees in control of getting their money back.

7. CFO Dive webinar: How Finance Leaders Can Detect and Prevent Expense Management Fraud. 

Is fraud prevention built into your expense management processes? Employee expense fraud increased by 207% in 2020, so it’s definitely time to take a good look at fraud prevention. 

8. Guide: Expense Policy Guidelines with Examples.

Create an expense policy with this template, which includes examples of common policies.

9. Case study: M1 Finance and Airbase: How a two-person accounting team supported company hypergrowth

An early beta tester of Airbase’s reimbursement module, M1 has scaled successfully with Airbase. Its two-person finance team has kept pace with the company’s rapid growth, and automated features like advanced approval workflows that are essential to the team’s efficiency. 

Schedule a demo to discover how Airbase streamlines expense management!

Laura Slauson
Laura Slauson
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About Airbase

Airbase offers a one platform solution to manage all non-payroll spend. It provides oversight and control over spending with real-time reporting and automatic syncing directly to your general ledger. Control all paymentsphysical cards, virtual cards, ACH, and checks – from one place. Close faster. Empower employees. Control spend.

To learn more about Airbase, contact us for a product demo.
Laura Slauson
Laura Slauson
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