Search
 
Best Practices

Where Did Those !@?!#! Taxi Receipt Go?

Managing T&E reports online can save a company a nice chunk of change and eliminate major headaches for its traveling employees

By Staff Writer | Updated on May 01, 2002

Rick Rodick, senior vice president of field finance at Miami-based Ryder Systems, remembers what a pain it was to keep up with his travel and entertainment (T&E) reports back when he spent 50% to 60% of his time on the road. “Keeping track of receipts and filling out manual T&Es was very difficult and time-consuming,” he says.

So when Ryder was considering adopting expense management automation software, which constantly updates expense reports as employees use their corporate credit cards, Rodick realized that the benefit of this investment would not be simply its ability to lower administrative costs, but in its capacity to raise employee morale. “The biggest plus is employee satisfaction,” he says. “This is just one less hassle that a traveler has now.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Investments Shift away from Bank Deposits

Investments Shift away from Bank Deposits

Tom Hunt |

The 2023 AFP Liquidity Survey found that treasurers are reducing bank deposits and moving investments toward more secure vehicles, reflecting the U.S. economic climate of 2022 and the bank failures of 2023.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2023 ALM Global, LLC. All Rights Reserved.