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Q: Potential savings to be made through implementing an Expense Management system. ( No Answer,   4 Comments )
Question  
Subject: Potential savings to be made through implementing an Expense Management system.
Category: Business and Money > Finance
Asked by: jamarley-ga
List Price: $15.00
Posted: 04 May 2005 09:25 PDT
Expires: 11 May 2005 08:48 PDT
Question ID: 517682
I would like to get some research done, for the UK and European
markets, on the savings that can be made on implementing an expense
management system. These savings could be made through reduction in
time in filling out forms, savings through processing claims, savings
through automating the system and saving. The focus needs to be on
UK/Europe as opposed to US and the publication should be from a
reputable source preferable a research company, trade magazine or
University study
Answer  
There is no answer at this time.

Comments  
Subject: Re: Potential savings to be made through implementing an Expense Management system.
From: frde-ga on 05 May 2005 04:28 PDT
 
P11d problems ?
Subject: Re: Potential savings to be made through implementing an Expense Management system.
From: jamarley-ga on 05 May 2005 07:03 PDT
 
Sorry frde-ga - I don not understand your comment. Can you explain ?
Rgds...
jamarley-ga
Subject: Re: Potential savings to be made through implementing an Expense Management system.
From: frde-ga on 06 May 2005 00:14 PDT
 
Sure,

In the UK the Inland Revenue (under the guise of National Insurance)
insist that companies maintain a detailed list of all expenses
incurred by and reimbursed to employees. The employee has to declare
them on their personal tax return.

This is a tedious task, and has little bearing on the normal running
of the business.

Personally I reckon that getting the employees to self-enter their
claims is a little risky, and is unlikely to save much, as the source
documents (receipts) need to be collected and filed for NI inspection.
Subject: Re: Potential savings to be made through implementing an Expense Management system.
From: jamarley-ga on 06 May 2005 05:19 PDT
 
There are a number of generic Travel & Entertainment(T&E)  solutions
out there for companies which streamline the way that Multi-National
Corpors/Companies/ SMEs and Government deptartments automate their
expense handling systems. The traditional way would encompass filling
in a form/spreadhseet and reconciling it against a bunch of receipts
wheras there is whole bunch of products that carry out Expense
management automation (EMA) I would like to know what the savings are
in a UK/European context and I would like the source to be reputable

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