Travel and Expense Policy Development and Automation

OVERVIEW

T&E expense policies are essential for streamlining and structuring business workflows. By automating the critical steps in the travel and expense process, you can ensure that travelling employees follow the travel and expense policy. You will automatically eliminate non-compliant and fraudulent claims, as well as streamline your workflows. A comprehensive and effective travel and expense policy is the ideal ally for growing businesses. Furthermore, an effective travel policy provides decision-makers with sharp and valuable insights.

WHY SHOULD YOU ATTEND?

Do you have a detailed travel and expense policy? Expense policies have become more complicated as the way travel is booked and rewarded has changed. Hotels and airlines have created incentives for travelers to pay higher rates in exchange for rewards programs. 

It is more important than ever that every organization have a well thought out and detailed T&E plan, to be both fair and also to ensure that the company is not overpaying. 

T&E policies can also be controversial and political - and therefore both changing and enforcing policies, is a challenge for any AP operation.

LEARNING OBJECTIVES

In this webinar training, you will learn how to create, maintain, and enforce a T&E policy for your organization. The instructor will discuss the key components and best practices for policies.

• Key components to a T&E policy
• How to find and fix loopholes in your process
• T&E automation options and how they change the T&E process
• Techniques to identify fraud and create controls to prevent fraud

AREAS COVERED

• How to develop a T&E policy
• Common missing items in policies
• Reducing exposure to fraud
• T&E automation options
• Enforcing T&E policies
• Fixing the loopholes in your policy

WHO WILL BENEFIT?

• Accounts Payable
• Finance Managers
• Accountants
• Procurement/Supply Chain
• Shared Service leadership
• Chief Financial Officers
• Vice President of Finance
• Procure to Pay Leaders
• Treasury Leaders
• HR Benefit Professionals