Incorporating a Travel Expense Policy
People often think of “business travel” as attending a glitzy convention in Vegas or meeting with a key supplier in Asia. But in our experience, it is the costs associated with more mundane, local travel that eat into your bottom line.
Take employee-owned vehicles, for example. Who would notice if you charged to fill up the tank for company or personal use? What systems are in place to question a gas expense on that minute level?
Meals are another area ripe for abuse. What guidelines do you have in place for approved amounts per meal or per day?
ExpenseWire is an online expense management system that automatically enforces your travel expense policies. Upon system set-up, we work with you to incorporate all of your policies right into the system. This varies widely for companies and is customized for yours.
To learn more about online expense management, watch our free webinar.