Remember the Equifax data breach? It happened in September 2017, and hit 143 million Americans. Among the data stolen were Social Security numbers, addresses, and dates of birth.
Most business leaders have a fair idea of where their money goes. You know essentially how much they spend on salaries, rent and utilities. You probably also think they know which software their teams use, and how much the company spends on coffee.
At Spendesk, we work with CFOs and finance teams every day to help them take back control of company spending. Which is why we're so excited to welcome our very own CFO to the team, Fabien Dawidowicz.
As an office manager, you have an endless list of tasks of fulfill and people to please. You literally have to keep the lights on, the heating running, everybody smiling. It's demanding, complex, and often thankless. And one aspect of office management that’s often overlooked is handling expenses. Because whether you have a dedicated finance team
It's been another huge month at Spendesk. We shipped three major product enhancements that help businesses spend smarter. We welcomed nine new hires to the team, bringing us to 94 people made up of 13 different nationalities.
You've certainly heard the expression "you need to spend money to make money." It's a cliché that's also undoubtedly true. We typically think of these costs as being directly tied to sales. You need to buy stock in order to sell it. You need to hire salespeople (and pay them) too. But you also have costs that aren't so closely linked to profit.
Great companies have smooth and easy ways to pay for what they need. When a cost arises, team members have access to company payment methods to make the transaction.
Every company needs robust and efficient finance processes. Your books need to be accurate if you want to stay compliant. And you do want to stay compliant - it’s the law.
Accounts payable is never straightforward. There are too many manual steps in the process, and too many people need to be involved.
Business travel can be hellish to manage. With employees flying all over the world, there are flights to book, accommodation to arrange, and an endless list of miscellaneous costs and tasks to keep on top of.
The traditional corporate credit card has been around for longer than most of us can remember. But as you might expect from a product that's older than the internet, credit cards are an inefficient and insecure way to manage company spending.
A lot of businesses think about spend management the way they think about a trip to the dentist. It’s a subject that, for many, inspires a special blend of boredom and doom.
Travel costs for work-related driving can quickly stack up, especially if your employees are constantly on the road. That’s exactly why you need to know about mileage allowances.
For modern businesses, relying on a company credit card for day-to-day expenses makes sense - at least in the short term. You want to enable your staff to get out and do their thing, and the company plastic is a simple way to let them get the job done. For most companies, this is option number one.