Travel and Expense management in a growing enterprise can cause unnecessary overhead costs and expenses. The need for efficient expense report entry and processing has pushed Microsoft to create a process through the enterprise portal with an accompanying workflow. The workflow can be routed through a series of approvals based on predefined amounts, financial dimensions, or specific user assignment. Along with the expense management functionality, workflow approvals can be implemented in travel requisitions, cash advances, and credit card issues.
When a user enters the expense portal, he/she can add new expense items and unreconciled expense transactions to the new expense report. Users can attach receipts and itemize the reports for more visibility and verification purposes. Expenses on a single expense report can be distributed to multiple groups, organizations, and or departments if a worker performed tasks for different areas or entities. To increase efficiency, Dynamics AX also allows organizations to reimburse expenses automatically. The accounting staff can also match the submitted receipts to the expense report in the General Ledger Module for further verification. For more information please email @ jcentner@ibisinc.com.