For SMB leaders, time, money, and organizational focus must be balanced to ensure that the short-term needs of the business are addressed and that the long-term goals of the business can be realized. Inefficient expense management processes present a host of challenges for the typical SMB, but automated expense management solutions that help companies streamline processes, control costs and manage cash are one lever to help maximize their resources and ?play bigger? in the market.
Creating an expense policy can be a time-consuming process; but when you consider that almost 20% of travel and entertainment expenses fall outside of policy for many small businesses, it makes sense to invest the time and effort. This white paper from Concur provides tips for creating an expense policy as well as a sample policy template to help you get started.
For small businesses, the need for an expense claim solution can go beyond travel and entertainment expense management to everyday business expenses. Managing these expenses can have a major impact on a business when discrepancies are found. Find out how to efficiently control costs, optimize cash flow and discover the role automation plays in this process.
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