Entertainment and travel costs can make up ten per cent of a company's total operating expenses. Whilst this may be somewhat of an eyebrow raiser to you, it wouldn't come as much of a shock to your Finance Director. The situation is not assisted by the fact that most Small and Medium sized Enterprises travel expense management and expense reporting is conducted through Excel based reports and reams of receipts.
All the work to compile daily, weekly and monthly expense claims is of course part of payroll's daily operations too, which in itself creates delay, errors and further expense to be incurred. As a result, incorporating an automated system to manage travel expenses could streamline operations immensely, actively manage company spending, allow for more efficient decision making and ensure compliance.
With travel expense management being centrally and automatically controlled, greater transparency is available to all personnel. It also allows for more informed decision making; and thereby accountability regards compliance and policy at all levels of hierarchy.
For owners of budgets, departmental heads, and cost center controllers too, it allows for greater analysis, to better target other expense streams. This greater visibility also allows for areas where savings can be made to be identified more easily, and see how well preferred vendors and suppliers are performing.
Friday, January 24, 2014
Thursday, January 16, 2014
Making your business to be on the top will be a tough job for everyone that are part of the company both the effort of the employees and the heads must be united. When it comes to business the most important is to unite as one to make the business make into the top and grab the goal of the company. In managing the company a lot of things that are need to be part of your business plan one of this are your business travel I am sure that most of the business company are making excuses about it but think again when it comes to travelling your company must be able to be part of it. But somehow most of the business company has the hard time when it comes to business travel most of them are making in the hard time in managing all the expenses that they have during the trip since they are having the hard time with it. Today make a new difference for your company business using the online travel and expense management to make your reporting easier and faster hassle free while you are on the trip.
Make your in d worry free all the time especially if your are on the trip it make yourself comfortable all the time and make your mind set on the top. Since your company is using the digital reporting it makes it for all easier and faster.