The topic of employee expense management is often overlooked but with a more testing economic environment tight control over employee expenses can yield extensive savings. At the same time automation of expense management can bring benefits both in terms of compliance with internal policy and external tax regulations helping to keep spending in-check and ensuring companies do not cross swords with tax authorities.
But there are also benefits for individual employees as well who can submit claims for re-imbursement knowing at the point of submission that the request complies with company policy and with the support of ‘devices’ such as work flow and mobile computing that expenses will be approved without delay. Over the next three weeks we will be looking in depth at Infor Expense Management one of the leaders in field through a series of short video reports to identify why expense management is such a valuable application and what sort of companies would benefit the most.
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