{"id":1398,"date":"2014-01-20T15:05:11","date_gmt":"2014-01-20T15:05:11","guid":{"rendered":"https:\/\/www.peeriosity.com\/shared-services\/articles\/?p=1398"},"modified":"2022-06-22T10:01:29","modified_gmt":"2022-06-22T10:01:29","slug":"leading-practices-in-travel-expense-receipt-requirements","status":"publish","type":"post","link":"https:\/\/www.peeriosity.com\/shared-services\/articles\/2014\/01\/leading-practices-in-travel-expense-receipt-requirements\/","title":{"rendered":"Leading Practices in Travel Expense Receipt Requirements"},"content":{"rendered":"

When designing the Travel Expense Reporting process, it is important to consider the proper balance of business controls<\/a>, potential fraud risks, and the effort required to both process expense reports and for travelers and their managers to submit them.\u00a0 <\/span>When it comes to process improvement, the one thing consistently better than automation<\/a> is the elimination, and this is certainly true for receipt requirements.\u00a0 <\/span>It is a major effort for travelers to collect and submit receipts, for managers to review them, and for processors to review and then file them just in case the auditors want to take a look. \u00a0<\/span>With compensating controls in place, many companies are deciding that receipts are often no longer required. <\/span><\/p>\n

A recent Peercast featured a $7B global manufacturing company that makes products in 14 countries and sells them in 70 countries around the world.\u00a0\u00a0 <\/span>Their Travel Expense process is administered regionally, with U.S. and Canada managed by the North America Service Center.\u00a0\u00a0 <\/span>Here are highlights from their project timeline:<\/span><\/p>\n