Employee travel and expense is the second largest controllable cost after salaries, so every company should have an expense policy that lets employees know what the rules are, allowing them to comply and be reimbursed more quickly.
A best-practice expense policy also guides the finance team in deciding which claims to accept or reject, and helps senior management control costs better and calculate travel and expense spend more easily.
This white paper by Concur contains tips to help companies create or improve their expense policy based on knowledge Concur gathered from decades of working with organizations worldwide. It also features a useful template that finance executives can take as a reference and customize according to the enterprise's business needs and culture.
- 10 helpful tips (and mistakes to avoid)
- A best-practice expense policy template
- Next steps