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Time Business News
03-07-2025
- Business
- Time Business News
The Top Features To Look for in Technology Expense Management Software
Technology expense management software serves as a guardian of budgets, which guarantees every dollar spent on technology is tracked, allocated, and optimally utilized. Businesses big and small are turning to this type of software to keep spiraling tech costs in check. Recognizing the key elements that comprise an effective technology expense management tool is imperative for financial officers and IT managers alike. Keep reading to discover what sets superior software apart from the rest. At its core, technology expense management software is designed to provide a transparent view of an organization's technology-related expenditures. This encompasses costs associated with hardware, software licenses, cloud services, and maintenance agreements. With technology becoming increasingly central to business operations, managing these expenses effectively is vital to a company's financial health. Such systems typically offer a centralized platform for monitoring and approving technology costs, preventing unauthorized spending, and making sure that investments align with company policy and budgetary restraints. Furthermore, these tools can identify redundancies and optimize spending, thereby shaving off unnecessary expenses. The best technology expense management software simplifies complex financial data, turning it into actionable insights. Platforms like Cimpl allow finance and IT teams to work collaboratively. This fosters an environment of fiscal responsibility and tech-savvy asset management. Alt text: Business professional at a desktop computer using the best technology expense management software An indispensable feature of proficient technology expense management software is detailed cost tracking. Such solutions must provide granular insights into each aspect of technology spending. From tracking software subscription renewals to monitoring data usage costs, a comprehensive overview is crucial for thorough cost management. Effective software also allows for the categorization of expenses for better budgeting and forecasting. By distinguishing between capital expenditures and operational expenses, managers can make more informed planning decisions. Additionally, the ability to tag and monitor costs by department, project, or business unit aids in accountability and precise budget allocation. Ease of use is another critical element; an intuitive user interface ensures that finance and IT staff can utilize the tool to its fullest potential without a steep learning curve. This usability translates to increased efficiency and better adoption across the organization. Integration is a significant consideration when choosing technology expense management software. The ideal solution seamlessly melds with existing financial systems, such as enterprise resource planning (ERP) and accounting software. This creates a holistic and efficient financial management ecosystem, reducing manual data entry and the risk of errors. Furthermore, software with API access expands its usefulness by interacting with other business applications. This connectivity allows for the automated exchange of data across platforms, ensuring consistency and accuracy in financial records. Integration with vendor systems is also critical. The ability for the software to directly communicate with technology service providers can facilitate automated invoice retrieval and reconciliation, streamlining the payment process. An efficient technology expense management tool accelerates the invoice management process. The automation of invoice capture, validation, and payment can significantly reduce manual labor and the chance of late payment penalties. Digital workflows within the software can direct invoices through the necessary approval channels, based on pre-established rules. This ensures that expenditures are reviewed by the relevant stakeholders, maintaining oversight while also speeding up the process. The software should also have the functionality to manage disputes with vendors over billing errors or discrepancies. This capability ensures that companies only pay for the services and products they have accurately procured. Alt text: Two business professionals discussing the best technology expense management software Advanced reporting tools are the backbone of strategic technology expense management. Comprehensive analytics permit businesses to delve into spending patterns, spot irregularities, and identify opportunities for cost-cutting measures. Data visualization features, such as dashboards and graphs, make it easier for stakeholders to interpret complex data. This visual approach can be particularly useful when presenting information to business leaders who need to make quick but informed decisions. Trend analysis powered by predictive analytics not only reports on past and current spending but also forecasts future trends. This predictive power can prove invaluable in budget preparation and long-term financial planning. Overall, the right technology expense management software can make a significant impact on an organization's ability to control and optimize technology spending. By focusing on these key features, companies can ensure they select a tool that provides both immediate benefits and scales with their growth. TIME BUSINESS NEWS
Yahoo
18-03-2025
- Entertainment
- Yahoo
Senior citizens go on pub crawl
SIOUX FALLS, S.D. (KELO) — A lot of people celebrated St. Patrick's Day over the weekend, but a handful of Sioux Falls senior citizens from Touchmark at All Saints waited until today to get out of their rooms and go on a pub crawl. When it's Saint Patrick's Day, you just roll with the punches or in this case roll on a bus. Nine residents of Touchmark signed up to be on a pub crawl in downtown Sioux Falls. 81-year-old Craig Stember says age is nothing but a number. 'I like to go out and visit and I am sociable,' Stember said. While some are enjoying an ice-cold beer, Stember likes his drinks a little stiffer. Cimpl halts harvest operations in Yankton 'This is Jack Daniels on the rocks,' Stember said. Touchmark has been lining up these pub crawls every Saint Patrick's day for the past eight years. 'It's a wonderful way to connect, celebrate and welcome the arrival of spring it's also a great reminder of the vibrant lifestyle we embrace here at Touchmark every day,' Madison Szabo said. The pub crawl is just one of many activities they do to keep their residents feeling young. 'You ought to see our calendar; it's one thing after another, after another, after another,' 89-year-old Jack Gustafson said. 84-year-old Sharon Adams says she's been looking forward to this day for weeks and dressed up for the occasion. 'Well I think it's amazing that Touchmark would come and pick us up, we can have some drinks and they can take us home safely,' 84-year-old Sharon Adams said. Don: What's been the best part? Sharon: The beer, no doubt about it. Don: What would you be doing in you weren't doing this? Craig: I probably would be taking a nap. But the nap will have to wait, so it's back on the bus and onto the next stop. Following the Pub Crawl they went back to Touchmark to listen to Dakota District Pipes & Drums, followed by a craft beer tasting and an Irish dinner. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-03-2025
- Climate
- Yahoo
Residents clean up thousands of dead geese on Lake Byron
LAKE BYRON, S.D. (KELO) — Thousands of dead geese have washed up along the shores of Lake Byron, just north of Huron. Lake Byron can be a hub for snow geese. 'Most of the time, at this time of year, this place will become completely white with geese,' longtime Lake Byron resident Denis Drake said. Cimpl halts harvest operations in Yankton But this year, thousands of geese have turned up dead throughout the lake. 'We had such a mild winter, no snow, so a lot of the geese stayed up to about Christmas, and usually, they're gone by Thanksgiving. They just really started to get the bird flu. We didn't think we had near the problem until the ice started to thaw out, and that's when we really realized how many we had,' Lake Byron resident Patrick Breck said. So people have had to work together to clean up the lake. This is the third year they've had this problem, but this year has been the worst by far. 'It's just gotten really, really bad this year,' Drake said. 'So far, we've picked up in six different groups about 20,000,' Breck said. 'They don't dissolve very fast, and if you go swimming or something, you get one of them wrapped around, it's just not good,' Drake said. But community members have been doing everything they can to get the lake back to normal. 'We've got a neat community out here where we all get together and help each other out,' Drake said. 'People want to take care of their properties on the lake, and there's a lot they take a lot of pride in out here,' Breck said. The geese are being buried nearby on land owned by South Dakota Game, Fish and Parks. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-03-2025
- Business
- Yahoo
Governor Rhoden begins his ‘Open for Opportunity Tour'
SIOUX FALLS, S.D. (KELO) — Now that the legislative session in Pierre is over, Governor Larry Rhoden is ready to travel around the state. Monday morning, the Governor, First Lady Sandy Rhoden and Lt. Governor Tony Venhuizen toured the Silencer Central headquarters in northern Sioux Falls. The company is expanding and the group looked at the the construction site and the existing headquarters. 'Kind of a niche product like silencers, the magnitude that they went, we looked at a hundred million dollars of inventory sitting in one spot and that kind of blows my mind.' Cimpl halts harvest operations in Yankton Silencer Central's founder says having the governor tour the growing business is special. 'We feel honored, we are excited he supports economic development, and also in the firearms space, we are the largest firearms manufacturers within hundreds of miles form here so we are excited he picked us to come to first,' said Brandon Maddox. Rhoden says this is the first of many stops he has planned in the state. The Open for Opportunity Tour will highlight economic development efforts, give the Governor a chance to learn about different community needs and help them find opportunities. 'It's important for me to get a feel for industry in South Dakota,' said Rhoden. 'And look around this facility ad talk about numbers its incredible the economic development that is represented right here in this one location in Sioux Falls so its important to get out and see the progress we've made and the possibility for expansion in the future.' Both the Governor and First Lady purchased suppressors for their guns and filled out the proper paperwork with the help of Silencer Central staff. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
18-03-2025
- Yahoo
Iowa State Patrol reminds people to be safe on St. Patrick's Day
SIOUX CITY, Iowa (KCAU) — St. Patrick's Day is upon us, and state law enforcement officers are reminding people to drink responsibly. According to the U.S. Department Of Transportation, 74 people died due to drunk driving during St. Patrick's Day in 2022. To ensure drivers are safe, local and state officers are putting more vehicles on the road. Cimpl halts harvest operations in Yankton impacting more than 250 employees The Iowa State Patrol says that because this year's St. Patrick's Day falls on a Monday, it's hard to tell how busy it'll get. 'I don't know if the bars will be, you know, your typical Friday, Saturday night crowd,' trooper Karen Yaneff said. 'But I think, a lot we're going to be early enough just because a lot of them have to work the next morning. You're still going to get some that will stay out late and probably didn't anticipate that part of it, but it'll be a busy afternoon in the evening.' Yaneff also says that if you grab a drink, you should either call a friend or a ride share service to get yourself home. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.