expense reporting system

A custom personnel application for the capture, approval, verification, posting and reporting of business expenses for Tishman Speyer

Business Case

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