Christmas Tree: Get Expenses Under Control

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<p><strong>Please include attribution to keepek.com with this graphic.</strong></p><br /><br /><br /><br /> <p><a href=’https://www.keepek.com/blog/christmas-tree-business-expenses/’><img src=’https://www.keepek.com/blog/wp-content/uploads/2015/12/Get-expenses-under-control-infographic-Keepek1.png’ alt=’business expenses’ width=’540px’ border=’0′ /></a></p><br /><br /><br /><br /> <p>

A christmas tree for finance people to help them get their company expenses under control.

1. Get your team on board

Draft a sound expenses policy

• It should be clear and fair
• It should be easy to communicate, no more than a few pages. Get inspired by our best practises and example

Set a clear timeframe

• Encourage employees to submit expenses on time
• Tell them when to expect to be reimbursed

2. Maintain Engagement

Transparency

• Notify your team when the status of a report changes
• When rejecting a report, use the opportunity to educate

Reimburse quickly

Nothing could be more demoralizing than waiting for an unreasonable period of time to be reimbursed

3. Embrace Technology

Real-time reporting

Don’t wait until the end of the month, process reports from one place as they happen

Streamline expense management process

Paper-based process is error prone, replace is with a flexible online expense management software. See our blog on expense management software ROI