Having an effective expenses policy for all employees,
can really help to control claims and give clear guidelines on the processes
which need to be adhered to.
Unfortunately, as is often the case, the expense policy
is filed away and either becomes unenforceable or employees are unaware it
exists altogether! As a result, the finance team is constantly under pressure to
chase and nag for those claims, and UK businesses are losing thousands of
pounds every year with inaccurate claims.
Compliance is also becoming more and more important, with
fines increasing and greater emphasis placed on accountability.
So, it is more important than ever to make sure that your
expenses policy is effective and strictly enforced. There is no better way to
do that, than with an automated system.
An automated system can be set up to enforce your expense
policy, whatever that may be. Allowances are set, authorisation levels given,
and reporting tools given to monitor and track every single expense. Bypassing
the expenses policy is simply not an option, reducing risks of fraud, and all
expenses are compliant and easily available for auditing.
MyExpensesOnline can help your business to use your
expenses policy in exactly the way it is intended! Contact the team today, to
find out more.