Every day, the North American business sector becomes more and more involved with enterprises around the world. In order to be effective in international business, it is necessary to know the market conditions across multiple companies.
Finance executives must be able to see the various ways that their internal control landscape can improve so the corporate treasury can fully support operational innovation. In this ongoing quest, the ability to evaluate spending data through your corporate expense reports is one of your most powerful tools.
There are thousands upon thousands of Chief Financial Officers working throughout the U.S., Canada, and the Commonwealth. What do you imagine is the background of most of these CFOs? What are their defining achievements?
Of course, each story is very different, and it is hard to generalise when dealing with such a large group. However, there are some issues that come up again and again when you are looking at the most successful CFOs in business:
— The ability to design and launch financial controls to ensure regulatory compliance.
— The ability to develop financial policies that provide liquidity for corporate goals.
— The ability to locate, evaluate, and close spending loopholes, saving millions year over year.
— The ability to do it all in a scalable way, so that the advantages carry on during global growth.
Expense reports are among the most important barometers of fiscal health, and they provide motivated financial executives with the ability to do all of these things and more. Expense reports for corporate travel can reveal signs of impropriety, but they can also demonstrate important spending trends. When you have the ability to evaluate these trends, then you can reorganise spending or cut down on waste, leading to major savings over time.
ExpensePoint provides you with the ability to evaluate finances in numerous ways:
— Run reports based on user-defined queries using a fast and simple graphical user interface.
— Develop and enforce permissions to ensure that only staff members you define can see reports.
— Use more than 44 built-in query filters and 31 available analysis reports to uncover the facts.
— Get efficient outputs in your choice of various file formats, such as PDF and Microsoft Excel.
Expense reports are crucial to your business, so be sure you are using them to the utmost. ExpensePoint gives you unprecedented power to manage your internal audits and enforce expense controls.