Resources

Insights for smarter expense management

Guides, playbooks and product updates from the Expendesk team — everything finance teams need to automate spend, speed up approvals and stay in control.

Expense Compliance in Pharmaceutical Companies: Maintain 100% Audit-Ready

Expense Management Software

August 25, 20266 min read

Expense Compliance in Pharmaceutical Companies: Maintain 100% Audit-Ready

Being in the pharmaceutical sphere means operating in one of the most heavily regulated markets worldwide. Any expense from a medical rep’s travel reimbursement to participation in a conference and customer engagement must comply with internal company policies and external regulations. Any mistake in documentation or policy violation leads to an audit finding, possible loss, ... Read more

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How Pharmaceutical Companies Can Streamline Medical Rep & Field-Force Expense Management

Expense Management Software

August 22, 20266 min read

How Pharmaceutical Companies Can Streamline Medical Rep & Field-Force Expense Management

Pharmaceutical companies rely on their medical representatives and field force team to help in marketing products, maintaining professional relationships, and increasing their geographical footprint. Members of the field sales team need to travel, which makes them incur costs in terms of fuel, hotels, food, travel, conferences, and meetings with clients. Although this is a requirement ... Read more

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Month-End Expense Reconciliation Guide

August 20, 20265 min read

How to Close Your Books 80% Faster: A Month-End Expense Reconciliation Guide

In the case of financial departments, month end is always a very interesting time because of the urgency and hustle around it. Employees try to submit their expense claims, managers have to take care of their approval, while finance people have to waste lots of their time on receipt reconciliation and transaction posting. Spreadsheet file, ... Read more

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Scaling from 50 to 500 Employees Without Scaling Your Finance Headaches

Expense Management Software

August 3, 20264 min read

Scaling from 50 to 500 Employees Without Scaling Your Finance Headaches

Growth is a good thing. It means you are hiring new talents, adding new locations, onboard new customers and so on. But with the increase of the number of employees from 50 to 500 many companies realize that their internal processes cannot cope with such change. The processes that were working fine when there were ... Read more

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How to Stop Reimbursing Out-of-Policy Expenses Before They Even Occur

Expense Management Software

July 30, 20264 min read

How to Stop Reimbursing Out-of-Policy Expenses Before They Even Occur

Most Expense Policies Fail for One Main Reason All companies have expense policies. And yet, many finance teams have to address overspending, duplicate reimbursements, missing documentation, and other problems every month. Why? Since most organizations enforce their policies retrospectively, once the expense has been incurred. An employee has booked a room in a hotel which ... Read more

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Reasons Why Your Month-End Close Still Takes 3 Days & How to Finance Reduce It to Hours

Expense Management Software

July 28, 20265 min read

Reasons Why Your Month-End Close Still Takes 3 Days & How to Finance Reduce It to Hours

Month-end closing remains a challenging experience for many financial teams. It’s hard work involving several days of chasing receipts, waiting for approvals, verifying expenses, fixing mistakes, and doing other stuff before finalizing the reports. But is it really impossible to accelerate the closing process? Not anymore! Leading companies who adopted automated expense management software report ... Read more

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The Hidden Price of Manual Expense Approvals (And What It’s Actually Costing You)

Expense Management Software

July 25, 20264 min read

The Hidden Price of Manual Expense Approvals (And What It’s Actually Costing You)

The True Cost of Manual Expense Approvals Almost every organization knows that manual expense approvals are inefficient. What most of them fall to see, though, is the true price tag attached to such archaic methods. In the case of pharmaceutical business, whose teams frequently travel, spend money on fuel reimbursements, etc., there are plenty of ... Read more

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