The Blueprint of a Best Practice Expense Process

All employee expenses follow a linear path from submitting to approving, paying and then reporting on spend. How effective is your business at managing the end-to-end process? When you streamline each of the six 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.

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 covering the following areas:

  1. Submitting Claims
  2. Manager Approvals
  3. Data Processing
  4. Auditing and Compliance
  5. Reimbursement
  6. Insight and Reporting

By examining each stage in detail, you can discover what’s working, what isn’t and how to improve the processes in your business

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 whitepaper now and use the Blueprint of a Best Practice Expense Process to gauge how you stack up and the next steps to set up a world-class process.