A petty cash or money box is essential for every office. Nobody wants to swipe the company credit card every time new paperclips are needed, or the coffee machine runs out of filters. While online banking has its advantages, cash remains the most convenient option for small, repetitive transactions.

It can be a bit unnerving for managers when employees request a cash advance for expenses, especially if they’re new. Offering cash in advance for expenses is undoubtedly a risky gambit.

Planning an out-of-town or overseas trip for yourself is a complex process. Planning one for your entire team is not only complex but also draining and costly if not managed carefully. While travel agencies promise to simplify things, their fees can strain the company’s budget and often create more problems than they solve.

Managing employee expenses is often more time-consuming than expected. Large businesses typically have well-staffed finance departments to handle this, freeing up owners from the hassle. However, startup owners and SMEs will likely face unprecedented challenges as they expand their teams.

Today, automating in finance is a necessity to stay competitive. This shift reshapes how businesses manage finances, from mundane bookkeeping to complex compliance reporting, embracing finance process automation.

The concept of administrative expenses, commonly referred to as General and Administrative (G&A) expenses, is not just a fiscal responsibility but a strategic necessity.