How much does it really cost your company to expense a cup of coffee? Breaking down the reasons why expense management is costing businesses over £100,000 a year

The word expense immediately draws negative feelings. One reason, because yes, it essentially means cost. But, what if we shifted that story – and used it as a way to visualise new ways to save? Traditional expense policies are created with two main goals. First, to reduce expense fraud amongst employees. Second, to have complete control over all employee spending. These goals are often set with good intentions, but the follow through ends up costing businesses way more than they know.

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