However much we may want to wish them away, expenses are a part of the basic operations of an organisation. People have to buy supplies, travel, visit suppliers or clients, work late and hire cabs to get somewhere. There are many low value spending decisions that are taken by a large number of people often frequently. So the economic effect of all these decisions can be quite large. Managementor the administration realising this usually have a set of policies that help individuals take the low value spend decisions so that leakages and waste is minimised. But too often the questions are raised after the horse has bolted. So what makes for a robust expense management system?
However much we may want to wish them away, expenses are a part of the basic operations of an organisation. People have to buy supplies, travel, visit suppliers or clients, work late and hire cabs to get somewhere. There are many low value spending decisions that are taken by a large number of people often frequently. So the economic effect of all these decisions can be quite large.
Management or the administration realising this usually have a set of policies that help individuals take the low value spend decisions so that leakages and waste is minimised. But too often the questions are raised after the horse has bolted. So what makes for a robust expense management system?
