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Financial Express Pune

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June 11, 2025

Expense systems have lost the plot

- Vibhore Goyal

A CFO of a public company recently shared her frustration: "Our flight costs have increased 23%. I don't know if we're taking more flights or have the costs of flights gone up? How many meetings is our team traveling for? Which sectors do we fly more? Our expense system doesn't tell me."

She went on to frustratingly add, "Our expense tool has 18 fields to fill when filing an expense. Our employees complain endlessly. These platforms claim to be mobile-first and user friendly. Maybe they were in sync with the demands of employees 10 years ago, but surely, no more!" She expressed her desire, "I want to minimise costs without giving the 'feeling' of 'cost-cutting' whilst simultaneously delivering a better employee experience."

Financial Express Pune'den DAHA FAZLA HİKAYE

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Real interest rates need to be lower: RBI guv

RESERVE BANK OF India (RBI) Governor Sanjay Malhotra believes real interest ratesboth headline and core-need to be lower, given the benign inflation outlook, minutes of the Monetary Policy Committee (MPC) meeting released on Friday showed.

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Europe agrees to lend 90 bn euros to Ukraine

UKRAINE THANKED THE EU for deciding to provide it with 90 billion euros ($105.46 billion) of support over the next two years-even if the bloc failed to agree on an ambitious plan to finance it using frozen Russian assets.

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TikTok signs deals with investors to avoid US ban

TIKTOK'S CHINESE OWNER, ByteDance, on Thursday signed binding agreements to hand control of the short video app's US operations to a group of investors, including Oracle, in a big step toward avoiding a US ban and ending years of uncertainty.

time to read

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