Over the past 10 years, the U.S. has witnessed a colossal consolidation of American airline companies. Nine major U.S. airlines have consolidated to a mere four. American, Delta, Southwest and United remain as the heavy hitters, controlling 80 percent of the U.S. market. The remainder of the market is made up of smaller carriers, each representing their specific niche and embracing unique strategies to target their customers.
As airlines go through mergers, acquisitions and swallow each other up whole, consumers are often left wondering how these changes will affect their future travel plans. Unfortunately, with fewer competitors to price match, the remaining airline companies have the power to increase fares and drop unprofitable routes. For employers and business travelers, corporate consolidation could have a silver lining.
By absorbing smaller airline companies that previously dominated regional airports, the big four can add new non-stop routes to their lineup. This allows airlines to open up new destinations, reduce connecting flights and eliminate ever-dreaded layovers. Both United and American Airlines opened up ten new domestic non-stop flight routes just this year. While Southwest plans to add five additional non-stop routes to service the Midwest beginning in October of 2018. Additional non-stop flight availability saves time and produces happy road warriors. Employees report a more positive experience when they’re able to travel to their destination in one leg. Sending in happy employees can raise productivity levels and lead to a more successful business trip altogether.
Non-stop flights are also better for the environment. Takeoff and landing contributes to fifty percent of carbon emissions emitted during flight travel. Taking a non-stop route instead of a connecting flight can cut a traveler’s carbon flight-footprint in half. While employers may fear an increasing spike in price fares from airlines, the overall market price alteration is closer to 1 percent.
Marginal price changes and additional non-stop routes make it easy for employers to see the bright side of business travel.
In the nonprofit world, every dollar counts. Many local and global nonprofit groups struggle to organize expenses. Expense report software can serve as a vital tool to save nonprofit organizations valuable time and money while providing full clarity of their operational spending. We’ve rounded up six essential features that provide nonprofit groups with the necessary elements to optimize their outreach.
Expense report software equipped with mobile capabilities, such as a smartphone app, gives organization employees and volunteers the flexibility to submit expenses in the field and on the go, anywhere in the world. This accessibility increases user compliance and helps organizations reduce operating costs.
Currency conversion is as a crucial tool for global nonprofit groups. Programs that encompass a spectrum of global currencies take the burden of currency conversion off of the user. This allows volunteers to quickly capture accurate expenses, no matter where they are in the world.
Mileage tracking allows volunteers to track their movement at the touch of a button. Standard IRS reimbursement rates can be applied to record an accurate reimbursement amount in half the time.
Volunteers often pay out of pocket for the bulk of their expenses. As a result, the reimbursement process is vital to the longevity of an operation. Direct accounting software integration allows administrators to approve and export data instantaneously, ensuring nothing slows down your team.
Nonprofits are annually rated on how they spend their funding. Organizational expenses are broken into three categories:
Program Expenses: Expenses that are necessary to complete a nonprofit’s task at hand (for example, pencils and papers needed for a classroom).
Administrative Expenses: Expenses related to managing the nonprofit (for example, accounting and legal fees).
Fundraising Expenses:Any expenses that contribute to fundraising.
Nonprofit groups receive a higher rating if they put more of their budget towards Program Expenses. Expense report software with built-in reporting facilitates a simple way for organizations to audit their spending behavior in each category.
Every dollar of funding counts. Software with activity-based pricing allows nonprofit groups with seasonal volunteers to save immense time and money. With activity-based pricing, organizations are only charged for users who submit expenses on a monthly basis. This relieves organizations from having to regulate active and dormant volunteers.
When Vita Guido walked through the Tallie doors in September of 2014, the team knew they had struck gold. Over the past three years Vita has served as an invaluable asset to the organization, bringing immense product knowledge, contagious positivity, and an uncanny sense of humor to the office every day. We sat down with Vita to learn more about our favorite implementations team manager.
What do you do here at Tallie?
I manage a team of three fabulous implementation specialists. We on-board new Tallie and SpringAhead clients. I oversee the process and make sure we get our clients excited, prepared, and ramped up!
Who is Gizmo?
He’s the Tallie MVP, unofficial mascot, and employee of the year. He’s also my cat.
What is your favorite part of working for Tallie?
The people! I really enjoy working with our Tallie peeps. We are hardworking but have plenty of fun in the office. I also like the flexibility of working with other teams; you’re never tied to your own department. If you’re interested in dev work, for example, you can participate cross-functionally with the engineering team. Now that we’re a family of brands, we can also branch out to our sibling softwares, Certify and Nexonia!
What makes Tallie different from other companies?
I really enjoy that every day is different. There is always something new to learn. We are exposed to so many softwares that we become masters of not just our own product but all of our partner integrations too. Giving us expertise and insight into all of these products allows us to help our clients above and beyond.
First screen name?
VitaBee4ever and it still is.
How many countries have you been to?
Nine and counting! Mexico, Cuba, Iceland, Canada, Japan, and Italy to name a few.
Which one was your favorite?
Japan. It was so different from anywhere I’ve ever been. I also loved France for how romantic it was. The southern coast of France is so beautiful.
We heard you did quite a bit of karaoke in Japan. Do you have a favorite song?
Life on Mars by David Bowie. Because if you’re not a very good singer you still sound like a pro. Least favorite: Pork and Beans by Weezer (don’t ask).
Where do you want to travel next?
Back to Mexico! My family is from there, and I want to experience it as an adult. A pilgrimage to the motherland, if you will. Chile and Argentina are also on my list.
Favorite Bay Area restaurant?
A16 in Rockridge and The Hideout in Lafayette.
What is an Instagram account people should be following?
Poorly drawn lines and Ketnipz.
What is your advice for women interested in pursuing a career in tech?
Go for it. I believe women should absolutely pursue careers in tech. There is a stigma that tech has a bro culture, but I wholeheartedly believe there’s an equal space for women. Women should shouldn’t be afraid to dive into more technical roles and fundamentals like SQL. I think Tallie has done a great job of giving those opportunities to women. A lot of our employees started in support and have been able to move into more technical roles.
What is one question you wish you were asked in an interview?
How would you explain email to your grandma?
Ready to say “goodbye” to manual data entry and “hello” to seamless, deep integrations with your favorite accounting systems? Use Tallie’s powerful expense management software FREE for 14 days – no credit card or commitment required. Give it a try by signing up today. Care for a walkthrough by a trained expert first? Contact us to schedule your free Tallie product demo now.
For our first release of 2018, the Tallie team is excited to introduce a variety of features that will kickstart your year of expense reporting. We analyzed the frequently requested improvements to our software and delivered the ones that will benefit the most of you. Take a look — we hope you enjoy!
New Receipt Controls: Ability to Zoom in and Download Original Files
In our most recent mobile app release, we introduced the ability to zoom in on receipts so you can review them in closer detail. This functionality is now supported in Tallie web as well. Simply hover over a receipt and click anywhere to activate the zoom feature. The “Original” link in the upper-right corner of the receipt window will allow you to download the file in its original size. These new functions are available for receipts in all stages of Tallie.
New receipt controls available: Zoom function and download original file
Statement Upload Now Supports Credit Card Subaccounts
We understand that credit card transaction management is mission-critical for your expense report software. We’ve further improved our statement upload feature to add subaccounts support. Rather than requesting the bank to provide you with individual files for each subaccount, you can now upload a single file that contains several subaccounts to Tallie. Our transaction file processor will detect the total number of subaccounts in the file, feed transactions to existing subaccounts and create new accounts for unrecognized card numbers. With this feature and our very own credit card integration, Bank Data Delivery, we will be able to provide unparalleled credit card transaction management for an even larger portfolio of financial institutions across different sizes.
Tallie detects new subaccounts in transaction files and automatically creates them, with transactions properly attributed to their corresponding accounts.
All of the credit card controls, including auto-import and subaccount deletion, are available for each subaccount created by statement upload.
Product Enhancements & Bug Fixes
Improved Intacct SmartEvents processing speed
Added the ability to export expense reports to Intacct using the user default currency
Added a setting that will lock down corporate card transaction dates. Contact Tallie Product Experts to enable this
Added a new field in CSV export template: Employee Vendor code
Fixed the issue where deleted expenses reports remained in mobile apps
Fixed the usage details table in Billing
Fixed the issue where expense totals did not reflect the correct reimbursement limit in the Spreadsheet view
We look forward to hearing how these upgrades have made managing your expense reports even easier. If you have any questions or comments, feel free to reach out to our Product Expert team at email@example.com or by calling 888-874-1118 Ext 2.
When joining Tallie for the first time, you should wait for an email invitation from your administrator. However, if you have proceeded to Tallie.com and created a free trial by mistake, don’t worry! We have the steps to get you back on track. The following troubleshooting steps will show you how to delete your free trial and gain access to the right account in five easy steps.
How do I know if I have created a free trial?
Log into your Tallie account. If you see a black bar at the top of the page that reads “Welcome to your free trial – You have X days left,” you have created a free trial by mistake.
Step 1: Contact your admin
Contact your admin to request a welcome email from your company Tallie account.
Step 2: Confirm your email address
The welcome email subject will include the following: “You’ve been invited by [your company name] to use Tallie.” Open the email and click the green Accept Invite button to confirm your email address. This will give you access to the company Tallie account. You can use your existing username and password to log in to Tallie.
Now that you have access to the company account, you can move from your free trial to your company account. Click your name in the upper right-hand corner of Tallie and select the additional account at the bottom of the drop down to switch from one account to another.
Step 3: Save expenses from your free trial
If you have uploaded any receipts or expenses in your free trial, save the photos or download a PDF copy of your report. To download a PDF copy, click the printer icon on the report, then change your printer destination to a PDF. Once saved, re-enter the information into the company Tallie account.
Step 4: Disconnect your free trial
Click your name in the upper right-hand corner and select Edit Your Account. This brings you to the identity details page. Hover over your free trial and click Disconnect.
Step 5: Contact Tallie product experts
Contact our Product Expert Team by phone, chat or email to shut down your free trial account.
Throughout the month of November, we will be conducting free weekly webinars on several subjects to make sure you get the most out of our expense solution software.
These webinars provide free training for employees, managers, and accountants alike. Lasting between 15 and 30 minutes, each webinar is filled with information ranging from product guidance to live Q&A with Tallie Product Experts.
Thursday, November 23rd, 8:30 – 9:00 AM PST – Cancelled due to the Thanksgiving Holiday
If you have any questions about Tallie’s expense solution software between now and your chosen training webinar, please don’t hesitate to contact our Product Expert Team directly at firstname.lastname@example.org or 888-874-1118 Ext 2. We hope to see you there!
While banks, insurers and investment managers may have been slow to adopt advanced systems to support and streamline processes in the past, fintech is now taking the world by storm. In fact, the PwC Global FinTech Report 2017 noted that investments in fintech will continue to increase over the next three to five years, as financial service providers cement partnerships with technology vendors.
Fintech offers considerable benefits for organizations in this industry – according to the report, companies working on fintech projects can expect to see a 20 percent return on investment on average.
As fintech continues to garner interest and become a more pressing part of financial service providers’ critical infrastructure, decision-makers must stay ahead of the curve and select the solutions that will offer the most value for their organizations. Top-trending solutions provide a jumping off point, showing executives the potential these systems can have for their internal and customer-facing processes.
Which fintech solutions should financial service providers consider first? Let’s take a look at the top trends for this year, and beyond:
1) Wider Acceptance of Fintech Solutions
The banking and financial service sector has historically hesitated when it comes to new technologies due to the industry’s needs for high-level security and data privacy. As a result, fintech options floundered in the past, as execs struggled with the best ways to balance security and compliance needs alongside new technological capabilities.
The situation has changed drastically recently, however, as more financial firms are seeking out advanced fintech solutions to address their most pressing industry pain points. While there are still important considerations to make with the implementation of innovative platforms and systems, the days of hesitation toward new technology are nearing an end.
“A large number of our clients are taking aggressive action to determine how they can use these technologies within their ecosystems,” noted Dilip Krishna, Deloitte & Touche LLP managing director and head of innovation. “They’re acting as venture capitalists and investing in their internal projects to see what specific problems these technologies can solve.”
2) Blockchain Becomes More Popular
Digital currencies initially threatened financial service providers, but recent months have seen more acceptance, especially given the rise of blockchain technology. Chargebacks911 explained that this technology comes as an alternative to the traditional transaction method of ACH clearing, and includes an accessible digital ledger to keep track of payments in real-time. In this way, transaction delays can be eliminated and overall use of digital currency can be streamlined for both banks and consumers.
Currently, more financial institutions are exploring the use of blockchain, and experts predict it will only gain popularity as a more efficient means of transactional record-keeping.
3) Mobile Capabilities Help Level the Playing Field
The ability to use a mobile device to get work done on the go is a growing demand in every industry, and the financial service sector is no different. Fortune contributor Chirag Kulkarni noted that mobility is helping organizations enhance their customer focus, and is improving market competition for older financial service providers as they look to become more modern.
What’s more, support for mobile capabilities hasn’t just been a boon for banking customers – financial service providers have also found success with employee mobility, especially for workers that travel or operate from outside the office. The ability to leverage a mobile device helps ensure collaboration and productivity, and will continue to be an essential capability for financial service staff in the future.
4) Increasing Interest in Automation
An increase in automated processes has been seen across nearly every industry, and fintech is also riding this wave. Automation helps cut down on manual processes, improving efficiency while helping to cut down on human error. Automation, especially as it relates to transaction processing, will continue to be a top focus in financial service technology.
Leveraging Fintech Trends: Mobility and Automation
Financial service providers seeking ways to incorporate these trends within their businesses should consider all of their available options. Mobility and automation are especially key, and an expense reporting solution that supports both can provide a win-win for organizations and their employees.
An industry-leading expense reporting solution enables employees to track and submit expenses via their mobile devices, reducing the potential for lost receipts and unrecorded spending. In addition, such technology provides the best visibility for managers while supporting automated receipt processes and credit card transaction matching.
To see how an expense reporting solution could benefit your organization, contact Tallie for a free trial.
In the last few weeks, we’ve been focusing on improving the performance of our brand new time product as well as addressing high priority issues. In addition, we’re officially releasing one of our most popular beta features, Executive Assistant. Read on for more details!
Executive Assistant is now out of Beta
If there is an administrative assistant at your company who manages expense entry, coding, matching and/or submission, this feature is for you!
You can now enable the Executive Assistant functionality from the Features page in Tallie settings. Once Executive Assistant is enabled, an individual user can be given the “Access/Manage Other Accounts” permission. From there, you may assign the user a specific subset of permissions for management of others’ accounts.
Executive Assistants are able to manage specific tasks without receiving full access to the admin account.
Executive assistants are able to switch between profiles easily without needing to sign out of their personal Tallie account.
Executive Assistants can switch profiles easily in the user settings menu.
We’ve collected valuable feedback in the beta phase and fine tuned the feature in order to prepare it for wide release. Thank you to all who participated in the beta program!
Sort and Filter in Tallie Time
The sort and filter for the time product shares the same basic idea as that for expenses, with the addition of dimensions. Depending on your accounting system and company settings, the availability of certain dimensions in the sort and filter menu may vary.
To activate sort and filter, simply click Sort Time Entries By and select an option to narrow your list of time entries. Depending on your selection, you can filter the results even further, such as switching between ascending and descending order or choosing to view all time entries submitted within a specific date range.
In addition to the Time Entry page, the sort and filter feature is also available on Approval and Export pages, giving approvers and exporters more control over how the time entries are presented to them.
The sort and filter functionality is available on Time Entry, Approval and Export pages.
Product Enhancements & Bug Fixes
Time rejection email now includes rejection reason
Fixed Time Entry page not loading in Safari: For optimized results in Tallie Time, please continue using Chrome during the beta phase.
Fixed the issue where Executive Assistant’s active dates are not honored
Fixed the issue where Executive Assistant settings show “Track Time” in expense-only enterprises
Made sure we handle processing of non-standard PDF files more gracefully so they don’t slow down general receipt processing speeds
Made sure we only validate for projects and classes when exporting to QuickBooks
Made sure auto-import for credit card statement upload skips payments
Fixed the issue where Approver tab is missing in newly-created resold accounts
We look forward to hearing how these upgrades have made managing your time and expenses even easier. If you have any questions or comments, feel free to reach out to our Product Expert team at email@example.com or by calling 888-874-1118 Ext 2.
Throughout the month of August, we are conducting free weekly webinars on a range of subjects to ensure you get the most out of our expense management software.
These webinars provide free training for employees, managers, and accountants alike. Lasting between 15 and 30 minutes, each webinar is loaded with information ranging from product guidance to live Q&A with Tallie Product Experts.
If you have any questions about Tallie’s expense management software between now and your chosen training webinar, please don’t hesitate to contact our Product Expert Team directly at firstname.lastname@example.org or 888-874-1118 Ext 2. We hope to see you there!
During the month of June, we will be hosting free webinars on a variety of subjects to help you get the most out of Tallie for your Expense Management needs.
These webinars provide completely free training for employees, managers, and accountants alike. Each webinar lasts between 15 and 30 minutes and is packed with information ranging from product guidance to live Q&A with Tallie Product Experts.
If you have any questions about Tallie’s expense reporting software between now and your chosen training webinar, please don’t hesitate to contact our Product Expert Team directly at email@example.com or 888-874-1118 Ext 2. We hope to see you there!