Tishman Speyer Expense Reporting System

Posted by Mark Kalkwarf on 18 October 2016 in: Web Development

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.

Outcome

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

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 a portal-based expense reporting application with a browser interface. The system allowed for personal expense logging and approval while integrating with Management Reports Incorporated (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.

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