Tishman Speyer used several expense reporting systems across geographical regions within their organization. Management felt the need to consolidate these systems into one all-encompassing solution which would reduce time spent on expense logging and approval. They also sought to allow for expense allocation across projects and cost centers, facilitated through an automated two-tier approval process. Removing the need for manual entry into the back-office accounting system was also a key objective for the project.

solution

The product was portal-based expense reporting application with a browser interface. The system allowed for personal expense logging and approval while integrating with MRI, the back-office accounting system.

The end product saw a significant improvement in the control over costs through the expense approval process; individual expenses can be approved or rejected for a specific user by an assigned approver. Centralized management of expense data and integration with MRI allows for reduced overhead and risk previously associated with manual entry. The portal-based interface and centralized storage of information allows for user convenience and up-to-the-minute accuracy of information.

Benefits

Automated data population
Advanced cross-comparison of deals
Dynamic compilation of cash flows
Introduction of standard and unified business processes