White Paper
10 Expense Management Best Practices
Overview Whether you are planning to write your first travel and expense (T&E) policy or you are a corporate travel veteran who has had one in place for many years, it’s always good to look outside your own organization and see what other world-class organizations are doing to effectively manage their employees’ spend. This enables you to refine and enhance your own expense management program and incorporate these best practices. However, you can’t simply hope to copy other organizations’ programs. Best practices need to be defined, implemented and enforced in order to have a successful expense management process. In particular, manual processes need to be automated in order to reduce costs, improve accuracy, enhance consistency and increase operational efficiency.