The Blueprint of a Best Practice Expense Process
How do you know if your expenses are being managed as efficiently as possible? We examined the stages of a typical expense process and created a best practice blueprint. By examining each stage in detail, you can discover what’s working, what isn’t and how to improve the processes in your business.
All employee expenses follow a linear path from submitting to approving, paying, reimbursement and then reporting on spend. When you streamline each of the stages, everybody wins: employees are paid faster, finance saves time and hassle on admin-heavy tasks, compliance goes up and management get better visibility into cash flow and company spend.
By analyzing the typical stages of an expense process, we created a best practice blueprint covering the following areas:
- Submitting Claims
- Manager Approvals
- Data Processing
- Auditing and Compliance
- Reimbursement
- Insight and Reporting
This guide covers the ideal approach to each stage, exploring how many businesses manage their expenses today. We also cover key insights from recent independent research on the state of business expenses.
Download the guide now and use the Blueprint of a Best Practice Expense Process to see how you stack up and the next steps to set up a world-class process.
