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Accounting & Audit

Guide Helps Employers Manage Expensing During Coronavirus Environment

Now, with most of the work force at home, spending oversight is even harder (and more important) than ever. With that in mind, Procurify recently launched a new guide - titled Control in a Crisis - to help companies to control spending during what may ...

Control

At the best of times, controlling spending in an organization can be hard. A recent survey conducted before the global COVID-19 crisis releaved that 30% of employees have expensed a personal purchase while pretending it was for business.

Now, with most of the work force at home, spending oversight is even harder (and more important) than ever. With that in mind, Procurify recently launched a new guide – titled Control in a Crisis – to help companies to control spending during what may become the most severe economic downturn of our lifetimes. Among the guide’s tips are practical pieces of advice like:

  • Ensure employees don’t need to jump through paper hoops to submit requests
  • Provide real-time notifications and updates on orders so communication is kept timely and open between team members
  • Clarify the details of an order directly on the request to keep all information in one place
  • Allow for automated three-way matching to verify invoices before they are paid
  • Establish automated checks to ensure that an individual cannot approve the same request they submitted
  • Enable embedded and efficient alerts that provide timely responses where those in the approval process are geographically distributed or are working remotely

Explore the guide at: https://www.procurify.com/control-in-a-crisis