Expense management

Virtual cards have come on the scene as a viable solution for managing purchases made outside the organization.

Spend management solutions provider Ramp released a new solution in response to recent advances in AI image generation making it easy to create convincing fake receipts, a major fraud risk.

Plus, Insightsoftware announces Jet Reports Online; InterVal updates business customization features; and other updates from the accounting tech world.

In the realm of client accounting services, improvements in one area — travel and expense management — can have an outsized effect on maximizing efficiency for firms.

Developing an AI system can carry a hefty price tag that includes not just the coding of the system itself but secondary costs like labor, training and data fees.

The emergence of virtual cards, especially when combined with AI-powered fintech apps, offers accountants a new approach to solving a long-standing challenge.

Finance platform Rho launched the Rho Partner Portal for Accountants, a version of Rho designed specifically for partners with Rho who are accountants.

Travel and expense solutions provider Navan released Navan Accountant Console, a dedicated solution made specifically for accounting firms.

Plus, Paystand enhances support for Microsoft Dynamics; and other accounting tech updates.

Plus, Xero goes from $113 million loss to $175.9 million profit; and other accounting technology news.

Plus, Estateably touts new accounting tools for estate planning; and other accounting tech news and updates.

Plus, Settle offers three-way matching for purchase orders; Modern Treasury introduces Professional Services offering; and other accounting tech news.

Plus, LeaseCrunch offers webinar on GASB 87, 96; and other accounting technology news.

What do these changes mean for taxpayers and how can accountants help manage the impact?

In this Vendor Spotlight, we learn more about procure-to-pay solution Airbase.

As inflation continues to rise, the service is increasing some, but not all, of the special per diem rates for expenses while traveling.

In this week's Vendor Spotlight, we talk to Irana Wasti, chief product officer at payment and bookkeeping solutions provider Bill.

It's a low-hurdle opportunity that firms can embrace to start quickly making the shift into client advisory services.

In today's Vendor Spotlight, Accounting Today speaks with CEO Itamar Jobani of spend management and procurement solutions provider PayEm.

I have my own standing rule that if the client comes to my office, or my area, I pay. If I travel to the client's office, they should pay.