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How to Manage T&E Expenses More Effectively

 
  Howard Goldman, Partner, CFO Edge, LLC  
   
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  Article Summary  
While travel and entertainment expenses are important for many Los Angeles and Southern California, incorrect, missing, and abused expense reporting policies prompt business leaders to find ways to manage T&E expenses more effectively.

Without clear policies and specific procedures for expense report processing, compliance and processing issues arise.

Presented in this article are four problems and four examples of expense report fraud that can arise from poor expense reporting controls.

Also reviewed is an example of how automated expense reporting can be implemented to streamline T&E expense report processing.

Executives interested in improving their T&E expense policies and making expense processing more efficient can benefit from talking with a provider of outsourced CFO services.

A former enterprise CFO, experienced in creating T&E guidelines and implementing the right technology, can deliver significant benefits that include faster, more effective processing, increased fraud detection, and reduced costs associated with processing expense reports.

You may also be interested in this related article we have published:

The Benefits of Moving to Automated Expense Management



  Open as PDF Open the entire T&E Expense Management article as a downloadable PDF  
     
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