Managing employee expenses is a major task for businesses of all sizes, across different industries. What are employee expenses? Well, the term is pretty much self-explanatory: they are business expenses made by employees for different tasks that come up as part of their professional duties. Typical examples would include petrol Read more…
The global market size for expense management for startups and SMEs alone is expected to reach $6.6 Billion by 2028. A number that shouldn’t come as a shock as today’s business trips & meetings are where the real deals ensue. But are business trips and meetings merely about dining at Read more…
If you have recently started a business of your own, chances are that you are frequently being told that you need to get a current account, which begs the question: how can a current account help your business? To understand that, it is important, first of all, to understand what Read more…
Regardless of their size, businesses today show a clear preference for adopting SaaS (Software as a Service) options in favor of infrastructure ownership and its financial as well as logistical burdens. According to a Statista report, in the last seven years, i.e. since 2015, the global SaaS market has grown Read more…
Managing business finances is a massive yet slow-moving task for finance teams. We would all agree with it, especially when it comes to the reconciliation of bank statements. Cross-verifying all the accounting data with books of accounts every single day and maintaining spreadsheets seems extremely racking. Not to forget, reconciliation Read more…
Imagine that you need to celebrate a colleague’s birthday at the office, that one of your branches has run out of toilet paper, or that you immediately need to reimburse a staff member for a small purchase. From where do you pay for these expenses? As a business owner, chances Read more…
It’s time to review your business’ financial insights for the passing financial year, think of the key learnings and make purposeful decisions for the coming year. It’s #ThatTimeOfTheYear to discover opportunities, to step out of your comfort zone, and invest maximum efforts in your business growth strategies. With the current Read more…
Prepaid expense cards are still predominantly used by most businesses despite online payments and transactions like UPI soaring in this era of digitization. Why, you ask? While online payments have their place, offline expenses and transactions are still prevalent and widely used by businesses simply because they cannot be done Read more…
Corporate cards are now growing in popularity, thanks to the efficiency and flexibility they offer. Not to mention, using corporate cards makes life easier for everyone – be that of an employee, or an accountant or you, the business owner. By streamlining the entire business expenditure, corporate cards help in Read more…
Did you know that Open — Asia’s first neo-banking platform for SMEs and Startups has built virtual cards? That’s right! Open’s virtual cards help manage online subscriptions for your business. But we get it. This piece of information doesn’t stand out on its own. So we’ve created a list of Read more…