Have you considered how ease of approval improves travel expense reports and related issues? For both the business traveler and the compliance expert, a streamlined approval process can make a tremendous difference in how long key business processes will take to enact.
How Easy Would It Be For Your Key Stakeholders To Get Approval Right Now?
Travel expense reports have traditionally been something generated in the background, over time, when stakeholders need to journey abroad. In this model of things, it can be difficult for larger or unusual expenses to be approved quickly.
However, these very expenses can be vital to ensuring you reap the performance you need.
If your key stakeholders overseas had to report something unusual for their travel expense reports and get pre-approval, how long would it take? Hours? Days? Consider how challenging it can be to make contact with the right authority when you are several timezones away.
Unusual expenses should be discouraged when it comes to travel, but sometimes they make the winning difference. In those cases, a long approval process can be a time-waster that might even lead to a dead end for an important deal. Structured autonomy is vital to success.
Approval Is Vital To Autonomy, And Autonomy Wins Results For Executives
It is often said that people don’t leave positions — rather, they leave supervisors. High-level account executives are often placed in an adversarial relationship with their own enterprise when it comes to getting travel expense reports approved, and this can be a morale killer.
If you want to see your enterprise flourish all around the world, one of the best things that you can do right away is ensure that your top account leaders are able to work in your interest fully unimpeded. Use a transparent, simple approval process.
With the right software, you can accelerate approval to untold speeds. In fact, the right software will make it easy to develop automated “flagging” procedures that will bring expenses in line with your overall compliance strategy.
Only expenses that are out of line with your strategy will be flagged and denied by such software, ensuring that executives have the measure of autonomy they need to be adaptable to changing conditions while they are abroad.
Inflexibility can sabotage you in your most competitive moments, so do what you can to promote ease of approval through exceptional software.