Keep a Tight Rein on T&E Compliance

With the IRS's scrutiny on companies’ travel and expense (T&E) practices, it makes sense for AP to monitor T&E expenses closely. AP managers are the gatekeepers who ensure that spending stays in compliance and that T&E financial reporting is accurate and meets regulatory requirements. IRS is not the only watchdog—the C-suite is looking at the numbers more closely, too. That's because T&E spend has increased over the past year, according to a recent survey by The Aberdeen Group. The survey found…