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Managing travel advances
May 21, 2024
Q. What are some of the risks of travel advances? How are they processed at your organization?
A.
(Answered by the IOFM Advisory Panel)
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We never give advances. We have everyone use a company-issued credit card, even if only traveling once or twice.
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We offer cash advances, but I find that the employees don’t always submit their receipts in time. It is helpful for employees, since my company has a lot of travel. I just wished there was an easier way to keep track of the outstanding…
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