Merry Christmas Everyone!

Its almost 2 years that we've been together in this blog and Christmas is coming! I would like to take this opportunity to thank everyone who have been loyal reading this blog and stuff that I am discussing about expense management and other business tools that you can use in operating your business. You have been here through out the years and holiday is coming. Expenses is everywhere and my advice, "Control it man! Save for rainy days (storm) ahead." Correct approach and proper management is actually the usual key to this successful business adventures.

That's the reason why I keep on repeating myself on my post regarding the different advantages and issues on preparing expense report, utilizing tools such as receipt scanners and other things relevant to this.

Have a good holiday! Enjoy for a moment and forget the hassles of reporting and office pressures for the meantime. Feel the spirit of Christmas and yuletide season.

Small Businesses Slowly Recovering?

I found this interesting news from Reuters.com regarding how the small businesses look upon the slow recovery of the economy and how they are less optimistic about the future. Here's the excerpt of the report:

Small U.S. businesses became slightly less optimistic in June out of concern future sales will be soft, a survey released on Tuesday showed.

The National Federation of Independent Business said its monthly index of small business optimism slipped one point to a reading of 87.9 last month. It had gained 7.9 points since March, indicating a view the economy was stabilizing

"The economy is bouncing along the bottom and reorganizing itself to restart the growth process," said William Dunkelberg, chief economist for the NFIB.

- Read the rest of the report here.

This situation should be coped by the businesses today and employee's productivity should be maximized. Read the report of Aberdeen Group here regarding the relation of Travel and Entertainment Expense Automation and control which might facilitate to greater productivity of the employees and adaptation of the businesses to the economic problem of the country.

Expense Management by the Employees

A few of the important element of the small to mid size businesses today are the daily financial and administrative process that allow the organizations to monitor and control expenses, payment and invoices tracking and organizing and managing work flow. It is vital that the function of these processes should be efficient to make a profitable operation for the business. However, with the increase of regulatory scrutiny, there is a need to supply a proper documentation which is necessary to be complied.

Small to mid size businesses usually have hundreds or even thousands of personal expenses every month, be it petty cash, expense returns or credit cards. One of the tedious thing about this is the preparation of the expense reports relevant to this. But with the availability of the expense report software from Certify, it will be very convenient for the organization to easily track and control the expenses. This system utilizes the power of the Internet to prepare, approve, process and even reimburse. Management can look at expenses by person, department, project, client or any other level of analysis. Reports can show year to date and month comparisons with multiple levels of analysis.

Here are the summary of the benefits of the expense management software that it will bring to companies when implemented:

• Increases employee productivity
• Improves expense policy compliance
• Provides a rapid return on your expense management investment

The online expense software provides the ability to capture organization-wide travel expense data for faster payment, less administration overheads and detailed real time management analysis to control costs.

If you want this kind of system be implemented on your company, just visit the site of Certify at http://www.certify.com.

Released of Expense Software for Iphone Announced

Recently, the leading expense management software company announced the release of their expense reporting software as an iPhone application (see Advantage of Virtual Wallet post for the video demo of the application). This is a new application for iPhone users who wishes to save their transactions receipts easily even they are traveling or in a business trip. It let them utilize their iPhone to easily to keep all the papers they need during preparation of expense report prior to the reimbursement process. The usual method use by users in keeping their receipts or paper evidences are usually through their pockets, wallets or attache cases. However, this papers are known to fade or damage in due time or during the process of saving it. Making to become invalid as supporting documents for reimbursements. This causes a lot of headaches for employees and even for employers.

Now, employees have a better solution for their 'headaches' aside from aspirin. :) That's right through these application released by Certify, things will bring a lot of changes to employees' daily routine. Making them to quickly and efficiently prepare their expense report for the company. Imagine the time and money that you can save from the fast way of processing and preparing your reports? If you still don't get it, I advice that you take a free test-drive of this system. Just sign-up for a free expense software on Certify's website so that you could test it for 30-days. Then that will be the time you will realize how useful this system will be for you or for your company. Give it a try, have a virtual wallet on your pocket now!