September 2002
Financial Executive;Sep2002, Vol. 18 Issue 6, p10
Academic Journal
This article lists some best practice tips offered by financial service provider American Express Corporate Services to control employee expenses as a step towards effective cost management. They include the establishment of an expense policy that fits the firm's objectives and culture, the elimination of petty cash to pay expenses, and setting a limit on corporate card use. Reviewing spending reports and consolidating spending between a few vendors is also recommended.


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