Managing expense reviews, whether for a card program or other expenses, is tricky enough when monitoring for compliance or ensuring the right controls are in place. Handling other expense review challenges can make the work even more unbearable.
Take a closer look at the top challenges to achieving compliance or finding efficiencies in the review process.
Here are several challenges that we have found finance managers, procurement directors, and even card administrators battle most often in their monthly review of expense data.
Multiple Expense Data Systems
Working with multiple systems when monitoring expenses can make the review downright difficult.
Rubber-stamping the Approval Process
Your finance team needs support across divisions or departments to thoroughly check expenses and not to rubber-stamp approval.
A Slow Review Due to Manual Processes
When expense transactions number in the thousands or hundred of thousands per month a manual expense review can slow down the entire process.
Overcome expense hurdles
Discover the expense solutions by Card Integrity that provide your team with innovative ways to overcome expense review challenges.
Related articles
Learn more about other expense challenges in our recent articles.
Handling Business Expenses and Reimbursements While Employees Work from Home
Working from home is brand new to many employees. Discover how your company can ensure the success of your business expenses and reimbursements during this time.
Continue Reading Handling Business Expenses and Reimbursements While Employees Work from Home
Taking your fraud control to the next level
Discover how to strengthen internal controls around expenses, especially fraud control, with data-driven methods.
Continue Reading Taking your fraud control to the next level
Accommodating Airbnb into your corporate travel
It’s been well over a decade since the founders of AirBedandBreakfast.com — today known as Airbnb — first threw an air mattress on the floor of their San Francisco apartment’s living room to spawn the successful home rental business platform commonly referred to as “house sharing.” Initially beloved by the vacation tourist needing a cheap…
Continue Reading Accommodating Airbnb into your corporate travel