Expense Management
Today's ever-changing expense reporting arena can be confusing and intimidating. It can also be difficult to understand the benefits, cost, return on investment, and how your organization can implement automated expense reporting systems and processes.
Benefits of online/automated expense reporting and management are:
- Increased policy enforcement.
- Redundancy is eliminated via seamless information flow—no re-keying of data.
- All vendor detail is captured in a subsidiary ledger – improved data for vendor negotiations.
- Reimbursement turn-around time decreased from weeks to days.
- Increased use of corporate card due to integration and automated pre-population of expense reporting system.
- Increased accuracy and less time spent on fixing errors.
- One system for everyone—multiple expense reporting templates are eliminated.
- Accounts Payable tasks reduced or eliminated—resources can be redeployed to more value-added tasks.
- Manual checks eliminated.
TCG will assess your needs, document your requirements, and prepare an RFP or RFI based on your specific configuration. We will help you understand if you are a candidate for expense reporting automation and we will provide estimates of anticipated cost savings. TCG will learn and annotate your current business processes and build a strategy that will produce substantial cost savings via re-engineering of current business processes and/or expense reporting automation.
As an independent third party, we do not represent any expense management vendors, instead positioning ourselves as your unbiased project leaders. TCG will manage the project and leverage our knowledgebase so you receive a "best practices" customized program that fits your company's specific requirements. We will benchmark your company against our other clients and we will compare your program to best-in-class programs.
TCG consultants follow the cutting edge technology and business processes that create cost competitive expense management strategies. We can manage your automated expense reporting project through all the various phases.