Implementing the Company’s Spend Policy the Right Way

Making employees comply with the company’s spend policy is the primary concern for most businesses. Though companies have a spend policy in place, employees may raise requests for additional expenses that are out of spend policy. Switching to simple expense management software does not guarantee policy compliance; you need a robust solution like SutiExpense to ensure compliance with the spend policy.

The following features help enterprises stay on track:

Pre-travel request

Our business expense solution allows employees to raise an expense request estimating the expenses for the business trip. This would help companies know the costs before travel. In this way, companies can figure out additional expenses and plan budgets accordingly.

Corporate card integration

SutiExpense provides you an option to integrate corporate cards with the solution. Linking corporate cards with expense solution is an ideal way to streamline the entire expense to reimbursement cycle.

Expense limits

In SutiExpense, you can set expense limits to each department and role so that employees can raise expense requests within the allocated budget. Also, certain restrictions can be laid down for particular expenses so as to keep all the expenses within the budget. In this way, you can ensure that expenses are within the company’s spend policy.

Redundancy check

Data redundancy is one of the most important aspects of expense management. Redundancies may result in additional expenses and takes considerable time to process expense reports. Our solution automatically checks for redundant data and alerts employers if there is any redundant data. In this way, you can avoid redundancy in expenses.

Businesses may face some challenges when enforcing a T&E policy. An automated solution would help companies enforce the spend policy successfully. It would not just bring numerous benefits like cost savings, control over spend, and productivity but also let you configure expenses and approval rules for policy compliance.