Lokis » Best-of-Breed Solutions

At a grand star-studded event Wholesale Jerseys Online , MiD DAY dedicated an anthem to our beloved city. After years of being synonymous with this metro, MiDDAY launched
My City…My Life! 鈥?A special anthem celebrating Mumbai鈥檚 spirit and aspirations 鈥?with the who鈥檚 who of the glamour and business world. Actress Sonam Kapoor talked at length about her experience of growing up in Mumbai, while Deepika Padukone launched the anthem with a lot of fanfare. MiD DAY鈥檚 managing director and CEO Manajit Ghoshal played host with great aplomb Wholesale Jerseys From China , talking to celebrities from various walks of life about their experiences of living in Mumbai. Needless to say, the night was abuzz with excitement that the city now had an anthem of its own.


Here’s what Sonam Kapoor and Deepika Padukone had to say:


Sonam Kapoor
I like the anthem that has been created for Mumbai. To me, Mumbai means eating at Elco market Wholesale Jerseys China , Amar Juice Centre, driving along聽Marine Drive, and eating at some more amazing places! But to tell you the truth Wholesale Jerseys , I still love calling it聽Bombay聽and CST, the Victoria Terminus

Finding The Right Expense Management Solution For Your Company

Posted by nick_niesen on October 28th, 2010


In recent times Cheap Football Jerseys , initiatives such as the Sarbannes Oxley Act in the US have dramatically raised the profile of compliance within the corporate world. As a key element of any corporate compliance policy, expense management has shared some of the limelight. As a result, an Expense Management Solution (EMS) is now critical to any business concerned with corporate compliance. But what is an Expense Management Solution (EMS)? Does your company need one? And where do you find a good one? Just as importantly Cheap NFL Jerseys , how do you successfully implement and integrate an Expense Management Solution (EMS) into your corporate environment. This article sheds some light on these issues.


What is an Expense Management Solution (EMS)?


The term 聯expense management solution聰 has been used to describe quite different commercial products and services. In the context of this article, an expense management solution is defined as a technology based system that processes:


(i) transaction records received from a credit card issuer (detailing employee use of corporate credit cards0; and


(ii) cash reimbursement claims originated by an employee.


In practice the target application is Travel and Entertainment expenditure. A robust Expense Management Solution (EMS) will also support procurement (pCard) activities as part of a broader strategy of effectively managing lower value, high volume business-to-business transactions.


The three core steps of any expense management process are:

1. the acceptanceinput of validated source data;
2. the application of predetermined rules of handling expense records; and
3. the posting of transactions to a corporate repository such as an ERP system.


What is the purpose of an Expense Management Solution (EMS)?


The objectives of an expense management solution implementation should include the following:

1. to automate the preparation Cheap Jerseys China , submission, approval, and auditing of travel & entertainment claims Cheap Jerseys , thus improving the productivity of account holders and reducing the time and cost of accounts staff;


2. to support the implementation of a standardized best practice method of managing high volume expenses through the use of corporate credit cards; and


3. to increase the transparency and enhance the governance of financial transactions conducted on behalf of the enterprise.


Sources of Expense Management Solutions


Australian and international organizations now have access to a range of quality expense management solutions which are well suited to driving down administration cost whilst meeting corporate compliance requirements. There are essentially three sources of 聯expense management solutions聰:

1. ERP systems;
2. systems offered by card issuers; and
3. best-of-breed solutions.


Each will have their own merits and will suit organizations in different circumstances.


Enterprise Resource Planning (ERP) Systems

ERP sourced expense management has the attraction of being fully integrated within the financial suite of software, therefore offering a standard look and feel to all users of the ERP. With ERP sourced expense management functionality, the ERP supplies the core software Wholesale NFL Football Jerseys , and the enterprise needs to customize and configure the system to reflect its own structures and rules regarding the management of staff expenses. If you're considering the option of using their ERP for expense management, you need to be conscious of a number of factors, including:


聲 the actual functionality available within their specific installed ERP system;
聲 the backlog of work on the ERP system accumulated for the IT department; and
聲 the deployment time and the cost of the project (which will usually be substantial).
License costs can be an issue if an enterprise if your company has not paid a license fee that will cover all card account holders and cash claimants.


Card Issuer Systems


Some card issuers promote 聯expense management聰 solutions which can range from a computer generated report through to an online system with some embedded workflow concepts. The attraction of card issuer expense management solutions is that they are offered as part of a card deal Wholesale Football Jerseys , sometimes (apparently) for free. If you're considering a card issuer expense management solution, you need to know:


聲 will you be 'locked in' to the card issuer?; and
聲 will you be able to configure the expense management solution to adequately reflect internal requirements?


Best-of-Breed Solutions

Best-of-breed expense management solutions from specialist providers can be relatively seamlessly interfaced to an organization's internal systems. Cheap Jerseys From China Cheap NHL Jerseys Cheap Jerseys China Free Shipping Cheap Jerseys Wholsale Cheap Jerseys Cheap Jerseys Free Shipping Cheap Baseball Jerseys From China Cheap New NFL Jerseys Cheap Nike NFL Jerseys Wholesale College Baseball Jerseys