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Clubhouse Media Group Names New Chief Financial Officer Dmitry Kaplun

How Companies Can Control Travel and Expense Costs Better

Automating manual tasks is an opportunity for companies that benefits all stakeholders. Here s how finance teams can make traditional expense management a thing of the past. T&E, which stands for travel and expense, is the second-largest controllable cost for businesses and an important driver of growth. But despite its significance, most companies have ignored implementing efficiencies which costs real time and money. In a 2020 survey from Forrester, 85% of respondents from large enterprises reported that their businesses didn t have a cloud-based solution for travel and expense management. The traditional process for managing T&E compiling spreadsheets and reviewing monthly reconciliations is labor-intensive and often has errors. It takes 13.6 hours for everyone involved in the chain to process all travel expenses for each trip. Yet many companies continue to cling to paper receipts and other manual legacies as part of their process. 

Why companies are exploring the green finance market in Ireland

Green finance is the practice of funding projects that are tied to sustainability objectives. Many financial institutions around the world are turning their attention to green finance, including those who manage clients investments like BlackRock and traditional banks such as AIB. Ireland is focused on growing the state of green finance in the country. Ireland is playing a key and growing role in green finance a term referring to funding for projects that have a sustainable outcome with a mix of home-grown services and overseas investors exploring the Emerald Isle as a base for their green strategies.  Political leaders and businesses around the world are now focusing on climate change and Ireland is no exception, with the Government announcing in October it s committing to net-zero carbon emissions by 2050. In terms of power, the country wants 70% of electricity production to come from renewables by 2030 – currently wind and solar power make up 35% of Ireland s elect

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