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ProSpend Blog
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Follow along for expense management tips, as well as news and product updates for the ProSpend community. ProSpend (formerly expensemanager) is the pioneer of expense management in Australia. Here to build next-generation finance tools that empower businesses to make proactive financial decisions.
ProSpend Blog
2d ago
It’s no secret that unplanned expenses caused by ad hoc spend requests can disrupt budget planning. Enter temporary virtual cards: an innovative solution designed to streamline expense management. In this blog, we explore how these cards can improve how businesses manage ad hoc spending, thus offering flexibility and transparency. Temporary virtual cards not only simplify your company's spending processes but also enhance overall financial health and accountability ..read more
ProSpend Blog
1M ago
In any business, one critical area where efficiency makes a significant impact is accounts payable (AP). While many organisations struggle with outdated, manual processes prone to errors and inefficiencies, this blog aims to provide a quick yet easy-to-understand overview of the best practices on how to improve accounts payable processes.
Accounts payable is the money that the company owes to their suppliers, thus leading to cash outflow. On the other hand, accounts receivable is the money you get from selling services or goods, thus leading to revenue ..read more
ProSpend Blog
1M ago
With all the tasks and responsibilities that finance managers deal with every day, it’s understandable if they find the reimbursement process tedious. However, there’s no escaping this task as employees must be rightfully reimbursed for corporate travel expenses. In this blog, we discuss how to reimburse employees for travel expenses ..read more
ProSpend Blog
2M ago
In the manufacturing industry, staying competitive means more than just producing quality products. It's also about enhancing every aspect of your operations. In this blog, we highlight the importance of finance in the manufacturing industry and how technology can help the industry streamline financial processes and propel the organisation towards efficiency ..read more
ProSpend Blog
2M ago
Adopting accounts payable (AP) automation software for a small business might seem unnecessary or reserved for larger enterprises. However, one may overlook the benefits that automation can offer, even for smaller-scale operations. In this blog, we figure out whether or not your small business really needs AP automation software and what the software can do for you ..read more
ProSpend Blog
2M ago
Despite the increasing popularity of online meetings, for most companies there’s still the need for staff to be hitting the road. For new business, stronger client and supplier relationships and staff professional development. It’s an investment that pays off, but what about the hidden cost of reconciling the travel spend ..read more
ProSpend Blog
2M ago
Financial management is the backbone that supports the operations and decisions made in the hospitality industry. Businesses like hotels, restaurants, resorts and travel agencies need to ensure their operations are profitable and sustainable. In this blog, we discuss finance automation in the hospitality industry and how it drives success in this ever-evolving economy ..read more
ProSpend Blog
2M ago
Integrating automation into healthcare’s finance processes is a pivotal step towards transformative efficiency and enhanced patient care. While the concept of automation may cause concerns about job displacement or technological complexity, its potential to streamline processes, reduce errors and alleviate burdens on finance teams in the healthcare industry is undeniable.
In this blog, we explore how automation isn't just a tool for simplifying healthcare finance management but also a catalyst for empowering healthcare workers to deliver exceptional medical care ..read more
ProSpend Blog
3M ago
Are finance jobs at risk of automation? The mention of automation can often spark feelings of apprehension among employees. After all, concerns about job security and the fear of being replaced by machines are understandable. However, what if we told you that instead of being a threat, automation could be the key to unlocking unparalleled success?
Let’s explore how automation can reframe your skills, enhance efficiency and contribute to the success of both individuals and organisations ..read more
ProSpend Blog
3M ago
Automating financial management in construction offers a wide array of opportunities. Software solutions, in particular, have the potential to streamline operations and propel productivity. As automation continues to evolve, there are new ways to become more efficient in the construction industry ..read more