Expense Management Best Practices for Professional Services Firms
Professional service firms have the some of the most demanding requirements for employee expense management. With a large number of expenses being client-billable, it is extremely important to have a quick and accurate reporting in order to streamline internal processes as well as maintain compliance with external client expenses and billing policies.
Managing a travel and expense program for professional services organizations need not be excessively burdensome, even when incorporating the policies of many clients. By creating a robust and workable policy and workflow, best in class practices and common sense, there is no reason why expenses should pose any major challenge.
Chrome River has put together this executive whitepaper for professional services firms featuring twelve best practices that we've witnessed across law firms, accounting firms, advertising agencies, consulting organizations, and engineering firms.
Download the whitepaper using the form to the right. And when you're ready to learn more, we're here to help. After all, Chrome River lets business flow.
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.