Reduce costs without reducing impact
Top four benefits of automating travel and entertainment expenses.
- An automated system saves time and money
- Automating keeps institutions in compliance with policies and regulations
- Automated systems provide greater control and reduced paperwork
For most institutions, processing travel and entertainment expenses can take a significant chunk out of total operating costs. But it’s an investment that is critical to maintaining institutional excellence. Whether it’s sending faculty to industry-leading conferences, allowing graduate students to visit a research archive, or ensuring that development staff can host regional alumni events, travel and expense directly supports top business goals.
The good news is that, after payroll, travel and expense is the single most controllable cost of doing business. While there are many ways to streamline processes that can directly increase return on investment, this e-book focuses on one overarching solution—converting to an automated, web-based system.
Manual processing makes travel and expense management cumbersome, labor intensive, and prone to error. It creates unnecessary time and effort for everyone involved—from travelers and supervisors to processing staff and legal advisors. Whether chasing down approvals or getting mired in non-compliance issues, it keeps people from focusing on more valuable activities.