Lilly’s severance pay plan is an employee benefits plan that pays benefits out of the company’s general assets and is governed by ERISA, according to the court. The plan expressly states that an ...

For decades, employee expense reporting has followed a familiar path: employees submit reports, managers approve them and the accounting department performs a final review. This workflow made sense ...

Managing business travel expenses doesn't need to feel like navigating a maze of receipts, reimbursements, and compliance headaches. Nonetheless, per diem policies can create more confusion than ...

Does your accounting department struggle to keep your company’s spending and expenses in check? Most likely, it does—it’s a common challenge for small and midsize businesses (SMBs). Chasing down ...

Be careful what you wish for!

Manually tracking expense receipts shouldn't feel like a second job, but for most finance teams, that's what it can turn into. According to the Global Business Travel Association, 19% of expense ...

Employee credit cards let your team make purchases on your company's behalf using their own physical or virtual copy of your business credit card. They're a useful tool to help you control spending, ...

Managing employee expenses can be a headache for finance leaders. From tracking receipts to ensuring policy compliance, manual processes are time-consuming and prone to errors. Mismanaged expenses can ...

DHL is using Celonis' process intelligence platform combined with generative AI to automatically screen 100% of employee expense reports, catching fraud and errors while reducing manual audit workload ...

The current tax law since 2017 has eliminated employee business expenses as an itemized deduction. But, if you own a business taxed as a C or S corporation, there is a way for the business to deduct ...

Fortunately, an expense tracker can remove much of the hassle. These app-based and online tools help businesses organise receipts, keep tabs on employee spending, handle reimbursement and even ...