STRATEGIC REVIEW OF EXPENSES

Processing expense claims is a time consuming process as there are so many aspects that have to be checked e.g. that a proper VAT receipt has been provided, that the value of receipts matches the claim, whether the expense item is within policy.
Reviews of expenses processes and payments often identify more efficient ways of processing the claims and an improvement to compliance. Many organisations have not reviewed their expenses policies for some time nor is there a full understanding of how much is expended and the suppliers used.
We offer a detailed review of the processes used to claim expenses, expenses policies and assistance with gathering management information that can be used to develop policies such as preferred supplier.
Expenses are often very contentious and so an independent report may be a more effective way of introducing change, challenging items that are claimed and developing a commercial but fair policy.
Clearly, well timed reviews are essential to ensure compliance, prevent fraud, and identify obvious and non-obvious cost savings. The only question left is should the review be done internally, by the people already managing or operating the process, or by someone with fresh eyes with experience of managing excellence in these areas.
Call us today to see what we can do for you now.
Also See:
Expenses Processing -
Reducing Costs,
Risk & Compliance,
Software,
Outsourcing...