In recent times, initiatives such as the Sarbannes Oxley Act in the US have dramatically raised the profile of compliance within the corporate world. As a key element of any corporate compliance policy, expense management has shared some of the limelight. As a result, corporate expense management software is now critical to any business concerned with corporate compliance. But what is corporate expense management software? Does your company need it? And where do you find a good corporate expense management software solution? Just as importantly, how do you successfully implement and integrate corporate expense management software into your corporate environment. This article sheds some light on these issues.
What is corporate expense management software?
Corporate expense management software is a software program that processes:
- transaction records received from a credit card issuer (detailing employee use of corporate credit cards0; and
- cash reimbursement claims originated by an employee.
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