Honing Your Expense Accounts for Less Waste


by Jacqueline Serafin

Perhaps few people would ever turn down a fat expense account, but the fact that millions of dollars that could be easily cut from corporate spending are lost every year due to poor choices made by employees troubles many economists. In corporate positions, these employees affect the bottom line at various points, as the separation between the haves and the have nots becomes increasingly recognizable. Anywhere corporations can save money, they should strive to save money. How the saved funds are best put to the greatest use for the community, employees, or the corporation itself should be decided through a discovery of the best methods for reinvesting or contributing it. To simplify expense account tracking, your company might consider engaging the services of concur.com Technologies, Inc.

Shrink Expenses to Improve Philanthropic Endeavors

Among the ways that money saved by shrinking expense accounts might be better used is diversion into a philanthropic endeavor, placement in a trust meant to subsidize employee needs in case of catastrophe, and setting it aside for preservation of the environment. Increasingly often, the consciences corporate entities develop and cultivate can be observed via the humane and ecological ways in which companies interact with the people and the world that support them.

Improve the World

While many employees may be devastated to imagine that their expense accounts might shrink, many others will be pleased to realize they work for a company that makes rational decisions to improve both productivity and efficiency. Rather than throwing money around willy nilly, these companies can imagine world improvements easily implemented with what might essentially feel like free money as it was already likely to be used and not retrieved.

Implementation

The key to implementing Concur Technologies, Inc. strategies for savings that can be generated into world and environment improvers is the four-aspect foundation of the app itself. Designed to simplify expense reporting, invoicing, and travel arrangements, Concur.com helps to shave a lot of what might otherwise be financial waste for the equation from the very beginning. Once the ease of use draws your employees into the scope of the product, significantcan improvements to the bottom line can be witnessed, and the savings can be easily diverted to world changing work.

One way to better understand how improving the choices expense account holders make also improves your company’s ability to help its community is to focus on one local problem and evaluate how much it might cost to significantly remedy it. What many communities find is that a little bit of corporate pull and green can go a lot further toward fixing problems on the individual community level than many might suspect. If each community benefited from only one company shaving its expense accounts with the help of their Concur Technologies, Inc. strategic plan, a great difference could be made in the lives of local citizens. Even the simple act of supporting and sponsoring local area sports can go a long way toward improving the community and the lives of the people calling it home. Such help and support is more than indicative of good will and a sense of belonging; it also promises to uplift the company in the eyes of its community.

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