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Travel & Entertainment

A new process for handling employee Travel & Entertainment (T & E) expenses which streamlines expense report preparation and processing and eliminates unnecessary process components including cash advances, reimbursement checks, management approvals, and reconciliations. The foundation for any T & E process is a complete set of policies & procedures that clearly articulate the company’s guidelines in controlling T & E expenses. Soltec has developed a comprehensive T & E policies and procedures manual that world-class companies have adopted.

  • Company’s culture for both department managers and subordinates are affected by the new T & E process with regards to accountability and discipline

  • Eliminate most current receipt requirements
  • Improve data quality
  • Empower employees
  • Substantial reduction of administrative costs
  • Elimination of travel advance checks and travel reimbursement checks
  • Elimination of the need for expensive imaging systems
  • Improved reporting for accounting, operations, and travel procurement functions
  • Increased T&E auditing and control
  • Enhances SOX compliance
  • Reduction of internal/external paper handling
  • Minimized record storage and retention costs
  • Leveraged existing computer hardware and software systems
  • Elimination of delays in expense report preparation, processing, and payment settlement

Soltec provides Travel & Expense Best Practices education to both business professionals and executives in both web enabled and on-site formats. Please contact Soltec to setup an educational session or to understand how Travel & Expense Best Practices can improve your organization’s financial performance.

 


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Address:
Soltec, Inc.
671 E. Big Beaver Road,
Suite 205
Troy, MI 48083

Phone:
(248) 689-7777

Email:
info@soltecinc.com