The Recession and your Expenses

Its been a tough year. Economic situation today is quite a “big hit” to a lot of families and businesses. Small to medium businesses felt this kind of situation and a lot of homeless and jobless are spreading around the country now. As a business man, owner or part of it, you should have a short term and long term plan to deal with such situation. Part of it should be how to cut off the organization’s expenses by proper expense management.

Through this kind of plans, you can adapt very well to the economic recession hit without facing much greater problem in the end. It is all on management and every business is aware of it.

Reading such stories relevant to the economic recovery like the news from Reuters gives you hope:

An unusually robust rise in home prices from April to May could foreshadow a recovery in many U.S. housing markets, according to a report released on Thursday by Radar Logic, a real estate data and analytics company.Twenty-two out of 25 metropolitan statistical areas, or MSAs, displayed month-over-month price increases in May, according to Radar Logic’s RPX Monthly Housing Market Report for May 2009.

The RPX 25-MSA Composite showed a month-over-month increase of 2.1 percent.

“This is in stark contrast to the same period during 2008, when a decrease in the velocity of home price depreciation gave way to the worst loss in housing value in recent history,” the report said.

Prices have fallen 33.5 percent peak-to-trough and 31 percent peak-to-current, according to the RPX 25-MSA Composite.

Read more.

What’s New with Certify’s Expense Software?

Certify.com enhances again their expense software through extending its functionality. Now the expense report software provides a way for users to generate, track and report pre-paid expenses while also offering expanded general ledger coding functionality for enterprise class accounting system integration.

This is very useful for companies who wishes to have a lesser expenses by reducing their travel expens by pre-purchasing transportation (airfare) and hotel accomodations/reservations. Through this news functionality, the organization can now easily track this kind of transactions with greater flexibility in preparing of expense report, storing and retrieving this data for any decision related situation of the management. 

Aside from this pre-paid expense functionality, Certify also expanded its capabilities for GL and expense reporting. This makes the exportation of these data to the current accounting system of the company. This will really bring ease to the organization’s method in tracking expenses and accounting system.

Strategic Partnership between nuTravel and Certify Announced

Certify, the leading expense management software in the US today and nuTravel provider of nuTravel Corporate Travel Solution, the fastest and most flexible corporate self-booking tool announce to the world their partnership to provide a better and more reliable expense management without decreasing productivity. This was decided by the two company as part of their growth in the industry providing more than what the market expected from them.

Here’s an excerpt of the official press release of the partnership between this two companies:

“We want to proactively grow our products to not only meet the demands of the marketplace but also exceed its every expectation, by offering the right tools for the right time,” says Carmine Carpanzano, President and CEO, nuTravel. “The current economic climate is certainly affecting corporate travel by placing financial barriers between good business practices and goals. By integrating with Certify.com, nuTravel CTS lifts those barriers by enabling companies to save money, reduce financial exposure and enhance productivity.” – read the rest of the PR from this site: http://www.certify.com/About/PR_NuTravel.aspx

With this partnership event, expense report preparation and self-booking for small to mid size companies will be very easy and convenient as never been happened in the history of business world.