In current scenario many sme’s are facing financial crisis due over expenses. The companies that employs thousands of workers which are in fields are unable track their legal expenses. Business managers are spending significant amounts of time and money to track the field behavior of employees and may also try to report that all the reports comply with corporate policies. To give accurate answers to management on this is very difficult without placing a proper expense reporting system.
According to The Global Business Travel Association (GBTA) the 38% of organization spends $500,000 or more on travel and expenses, 17.5 % spends more than $5 million. This are huge numbers!! It is obvious that business are either spending a lot or they are losing a lot.
Lets pick some Expense Management challenges which are faced by SME’s:
So this are common and main issues cum challenges which are faced by SME’s. Beehive’s Travel and Expense Management Software is the BIG answer to this problems. Trust us penny saved is penny earned. If your department can save money in this we are sure that your business will be a great success.