Expenses stories

NEC New Zealand reports a pre-tax loss of NZD $1.098 million for FY24 despite a 9.2% revenue rise, grappling with increased inventory costs and shifting market demands.

New HubSpot research reveals rising costs and AI lag as top challenges for Australian businesses, prompting platform updates to bolster efficiency and customer engagement.

NTT New Zealand cuts net loss to NZD $17.3M but remains in deficit amid declining revenues and rising interest costs, challenging its financial stability.

Deel partners with SAP to synchronise HR and payroll systems, enhancing data integration and decision-making for businesses through a unified platform.

AgileHRO launches Payroll Run and Smart Contracts features, aiming to automate payroll and onboarding processes, reducing errors and increasing efficiency.

CommBank’s app now includes Travel Booking and car buying services as it aims to enhance digital engagement among its 8.5 million active users.

UK business expenses surged 24% in FY 23/24, double the inflation rate peak, largely driven by increased costs in air travel, entertainment, and car hire, according to SAP Concur.

Extend unveils 'team budgets', a novel feature designed to enhance spend regulation, secure transactions and foster autonomy amongst finance leaders on its platform.

SAP Concur and Mastercard join forces to simplify expense processes, integrating transactions on corporate cards into Concur Expense to enhance user experience and compliance adherence.

Empowering credit control teams with automation technology and a proactive involvement in strategy could fuel profitable growth for businesses in 2024, despite a gloomy economic outlook.

Harvey Norman's NZ sector faces financial woes, reporting a $100m plunge in sales revenue and a 33.6% decrease in net profit for 2023.

Unclaimed expenses cost UK workers an alarming £76 million annually, according to a new study by WalkMe.

Oracle NetSuite has showcased AI-driven product upgrades at SuiteWorld 2023, aimed to streamline costs and boost efficiency.

Cloud ERP platform Wiise launches in New Zealand, offering tailored solutions for financial services, manufacturing, and warehousing sectors.

Oracle has upgraded its Cloud Infrastructure (OCI) with new developer tools and AI models for enhancing application development.

Given payroll's importance and complexity, it's understandable that payroll professionals are under increasing pressure to get it right.

Australian cloud platform Whispir achieves record full-year revenue of AUD$70.6m, up 48%, driven by new Communications-as-a-Service offerings.

A new survey has exposed Australian employee job dissatisfaction, with many being left out of pocket for work expenses.

Bulletproof has warned that it now expects a larger loss than originally anticipated at $2 million despite an improved revenue.

A rise in services revenue hasn't been enough to stop SAP New Zealand’s profit for the latest financial year crashing 97.5%.