Why Your Finance Department Should Believe In Ghost Cards
No doubt about it, ghost cards (shared corporate card accounts) can sound scary to finance professionals. They float around an organization with no individual accountability. Possibilities of fraud haunt every transaction, and reconciliation can be a nightmare. Yet sometimes shared cards are the fastest, simplest and, yes, most cost-effective way to support timely departmental purchases.…
Read MoreProactive Workforce Spend Management
Cut Costs and Streamline Operations with a New Approach to Corporate Card Expensing You can’t run a serious construction business without empowering employees to spend. If every bag of nails, tank of gas, or flat tire repair had to go through procurement, every job would come to a standstill. To facilitate that spending, many construction…
Read More5 Ways Contractors and Construction Companies Can Improve Productivity and Efficiency
How PEX Improves Products and Earns Higher CSAT Scores with 15Five
You may have noticed that the pace of innovation has picked up a bit here at PEX. In the past few months alone, we’ve driven improvements in how you earn, track, and reconcile rebates; simplified the process to create and start using sub-accounts; and added features to help you store more documents on our platform…
Read MoreHow AI Personal Assistants Can Drive Greater Happiness and Productivity
“Marge,” the boss would call in the old black & white sitcoms, “Take a letter.” Then, as the scene unfolded, it soon became apparent that Marge knew more about what the letter should say than her boss. Passe, yes. Sitcom secretaries like Marge have gone the way of homebody housewives and “Hi, honey, I’m home.”…
Read More5 Ways PEX Promotes Mental Health in the Office and Beyond
May is Mental Health Awareness Month, which was first observed in 1949 and has been recognized every May since. It serves as a time to raise awareness of the issue, celebrate recovery, and recognize the strides this nation has made in promoting mental health. The occasion also gives us a valuable reminder of how essential…
Read More7 Cheaper, Smarter Ways to Hire in a Tight Job Market
If you have open jobs that you can’t find people for, you’re not alone. The National Federation of Independent Business (NFIB) reports that 47% percent of small business owners said they had job openings they couldn’t fill. And in today’s labor market, recruiting and hiring for those empty slots can be expensive. Besides the cost…
Read More21 Reasons Why SMBs Can Be Upbeat if There’s a Downturn
If you follow the financial news at all, you can’t avoid the talk about an impending recession. But for small- and mid-sized businesses, the news doesn’t have to be all bad. Companies like Uber and Airbnb (and PEX), launched during the great recession of 2008-2009. Motorola and Dairy Queen launched during the last century’s Great…
Read MoreIgnore the headlines. Here’s how to Make 2023 Your SMB’s Best Year Ever.
Today’s headlines can make a statue’s head spin. One day, it’s mass layoffs. The next, we read about colossal job growth. One day we’re heading toward a recession. The next, a soft landing. None of that has to distract you from your goals. Are there revenue and profit numbers you want to hit? Is there…
Read MoreHow to Effectively Incentivize your Employees
The unpredictability of today’s job market is challenging organizations to find innovative ways to compel talent. Making sure your organization cultivates an environment with high levels of employee satisfaction is essential to maintaining long-term employees and attracting new candidates. When planning your employee engagement and incentive programs, there are many practices to consider. 1. Do:…
Read MoreEMPOWER YOUR SMALL BUSINESS
Throughout 2020 and 2021, small to medium sized businesses faced many challenges that threatened their doors staying open. Now in 2022, these hardships are coming from banks and fintech companies abandoning their smaller accounts that they originally set out to serve in order to focus on their larger customers. It is during times like these…
Read MoreBring Your Business Processes Into 2022
Trends for 2022 or business creativity with text and young person using computer. Planning and strategy. Image taken frim iStock Getty Workplace trends to look out and prepare for this year To ensure success it’s crucial that organizations keep an eye on workplace trends and patterns. “Best Practices” for business management seem to always be…
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