Archive for month: May, 2012

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Finance Speak – The Weirdest Items in an Expense Report Contest – Winner!

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We received many entries for this contest that was kicked off on the 27th of April.

The winner is a manufacturing company based in Kansas City, MO with 350 employees. The weirdest item entry was submitted by a Partner in the company. She says ‘One of our employees was doing all of his laundry on trips and I mean all of it. Even on short 2 day trips. He charged the expenses to Misc-expenses to hide them. While they went unnoticed initially, soon enough we found Misc-expenses to be a sizeable percentage in many reports leading to questions. We now have a better way of catching these discrepancies‘. Congratulations to the winner. They will receive a free subscription to our solution for 1 year!

Thanks to all the participants for sending their entries in. Keep a lookout for other promotions and contests that we will be running!

Air Travel Spend Management

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This paper (Air Spend Management 101 by NBTA) published by the NBTA discusses various areas to look at and specific steps to take for better management of air travel expenses. The results of this research include lowering costs, improving compliance, setting and managing air travel policies and long-term initiatives for better management of air travel for the company.

Hope you find the results to be useful!