- Businesses are still mismanaging their operational expenses
- A good business expense system is process driven with tight governance and controls
- The key is to focus on high spend areas
Top tips on managing your company expenses
Posted by Lucie Mitchell in Pay & benefits on Thu, 11/06/2009 - 09:52
Despite the fact we're at the tail end of a recession, businesses are still mismanaging their operational expenses, with expense spend up to 40% higher than it should be, and are therefore throwing away millions of pounds each year.
Over the last five years, we have worked with HR directors and finance directors to help save companies in excess of £50 million by reviewing their operational expenses processes including sub-contractor spend areas from company cars, fuels cards and company credit cards.
The following top tips are a guide to an efficient internal expenses management system that will deliver cost-saving benefits to the business.
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