Blog

SPEND MANAGEMENT, FINANCE GUIDE

What IRAS wants to know about your company

June 16, 2020

Taxes are the best part of doing business in Singapore. Sounds crazy? Well, Singapore is a low-tax environment, and the Inland Revenue Authority of Singapore (IRAS) has set up straightforward reporting systems that many consider to be miracles of efficiency.

FINANCE GUIDE

How the role of a startup CFO changes at different startup lifecycle stages

June 09, 2020

In the long run, CFOs will be responsible for analysis, strategy, and sound financial advice. The ideal CFO is one that can accurately gauge the company’s needs and best interests, and provide the guidance and digital tools it needs to succeed for years to come.

FINANCE GUIDE

What You Need to Know About Expense Report Fraud

June 02, 2020

Many commonly believe that expense report fraud⁠—or any kind of financial fraud, really⁠—happens more often in large corporations. After all, corporations have the power to make million-dollar transactions, and it would be easy for employees to quickly “mark up” a few expenses, right?

FINANCE GUIDE

3 types of company reimbursements growing companies should prepare for

May 26, 2020

Expense reimbursements are something every growing small business will have to deal with at some point.

spend management, template

Guide to creating an expense policy for your business (+ template)

May 11, 2020

The expense policy is one of the many formal documents a growing business needs to scale successfully. Reimbursing employees’ out-of-pocket business expenses is not only a good business practice—it’s required by law.

FINANCE GUIDE

Who should get a corporate credit card?

May 04, 2020

Now that you know what a corporate credit card is, it’s time to decide which people in your organization need one. You can’t realistically issue every single person a corporate credit card—that’s highly irresponsible and can quickly open the door to potential fraud and misuse of funds.

FINANCE GUIDE

Top challenges startup CFOs in Singapore face (2020)

April 21, 2020

While the roles of the CEO (chief executive officer), COO (chief operating officer), and CIO or CTO (chief information, or tech officer) can be quickly intuited, CFOs tend to baffle employees and stakeholders alike. What do they actually do? Are they not simply glorified accountants? Does a company even need one?

EXPENSE MANAGEMENT TOOLS

Xero, Quickbooks, Sage, and Wave: Which is Better?

April 07, 2020

There’s a wide range of accounting software for a growing company to choose from, but if you’re not an accountant, you may miss out on each one’s unique subtleties.

FINANCE GUIDE, SPEND MANAGEMENT

Does your startup need a CFO?

March 24, 2020

Startups today usually have a chief executive officer and (probably) a chief technology officer. But do they really need a chief financial officer?

SPEND MANAGEMENT, EXPENSE MANAGEMENT TOOLS

A crash course on expense reports (+ template)

March 18, 2020

As your workforce grows or your business needs become more sophisticated, your employees may have to use company money to pay for business expenses. It's important to make sure you're reporting them correctly.

SPEND MANAGEMENT

8 metrics every CFO should use to assess healthy company spending

March 10, 2020

Entrepreneurs have no trouble coming up with new products and business models. But when it comes to crunching the numbers and making sure the business isn’t spending more than it makes—well, that’s what CFOs are for.

FINANCE GUIDE

Essential terms every startup CFO should know

February 25, 2020

A chief financial officer is responsible for ensuring that their company is spending wisely and following best financial practices. A CFO’s finance know-how is especially valuable in a startup, where labour is stretched thin and employees are often asked to play multiple roles.

expense management tools

Corporate card comparison: DBS vs. Stripe vs. Spenmo

February 18, 2020

There are plenty of corporate card providers in Singapore, and naturally, you want to know which is the most affordable and most beneficial for your company. A great card program combined with a transparent expenditure management policy can reduce excessive costs and improve employee satisfaction.

expense management tools

What is a corporate credit card?

February 11, 2020

There are many ways to pay for company expenses, from your own cash or card to one provided by a company. A corporate credit card can be a great way for companies to mitigate excess spending and track possible fraud—when implemented correctly.

expense policy, spend management

What the millennial employee wants in an expense policy

February 04, 2020

Companies don’t need to go overboard with fancy expense policies that don’t actually serve their employees’ needs. Instead, they should pay attention to millennials’ spending activity and develop policies that will actually be used.

spend management

How much is your company wasting on unused SaaS tools?

January 28, 2020

Without careful spend management, staying in control of these cloud tools—financially and operationally—can be a major challenge.

Spend management

Hidden costs of manual expense management

January 21, 2020

Businesses often start out with pen-and-paper expense management, but in the long run, this may end up costing you significant time and money.

expense management tools

Spenmo vs SAP Concur vs Expensify: Which is best for your startup?

January 13, 2020

Expense management platforms come in all shapes and sizes. These tools and apps offer a wide range of features, from receipt scanning and recording and reimbursement management, to end-of-month expense totaling. But aside from pricing, how do they differ? And most importantly—which one is right for your startup?

spend management

6 ways businesses in Singapore waste money

December 12, 2019

Your business may be losing money without even realizing it. Here are the top 6 ways companies in Singapore lose out on precious funds.

spend management, budgeting

9 common types of company expenses to consider when budgeting

December 12, 2019

It can be tricky to develop accurate spending forecasts for the future. Stay on track by considering 9 of these common business expenses.

spending, report

State of company spending in Southeast Asia (2019)

November 19, 2019

Improved education, widening Internet access, increasingly affordable technology, and government support is resulting in the meteoric rise of “the Southeast Asian entrepreneur.” These entrepreneurs are starting businesses, getting funding, and spending big on scaling. Here are some of the biggest company spending trends across SEA.

spend management

What the WeWork saga can teach businesses about spend management

November 18, 2019

At the time of writing, WeWork is close to becoming a textbook case - in how not to handle company resources.

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