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Expense Management Process Flow

oboloo Glossary

Expense Management Process Flow

Expense management is the process of tracking, approving, and reimbursing employee expenses for any organization. This process consists of several steps that ensure accuracy, accountability, and transparency from the initial request to final approval. The goal is to create an efficient workflow that allows for cost savings and encourages compliance with financial policies. By establishing a comprehensive expense management process flow, businesses can better maintain their bottom line and provide employees with the necessary support when claiming reimbursements.

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