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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 |
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There is no answer at this time. |
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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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