The document discusses the components and significance of an effective expense management system for businesses, including aspects of invoicing, monitoring contractor spending, and the use of technology in managing expenses. It highlights the importance of cost strategies, product costing, quality management, and customer feedback to drive innovation and improve service delivery. The aim is to optimize expenses while enhancing customer value and establishing a global distribution network.

1. Expense
Management
System
A effective way to manage businesses.

2. Expense Management

3. Content
● Expense Management System
● Product Costing and Cost Allocation
● Measurement and Management

4. Expense Management System
Expense management refers to an industry's
mechanisms of organizing, invoicing or
monitoring independent contractor spending.
Those expenses encompass and are not
really confined to, transportation plus
entertaining costs. The rules and procedures
which regulate corporate purchasing, or the
technologies and services we’re using to
analyze and interpret data related to this
now, all seem to be part of expense
management.
The technique an employee follows to
finalize an expenses claim (for example,
registering a restaurant receipt or
submitting smartphones or tablets) and
indeed the operation administrative or
administration professionals conduct to
execute that complaint inside this money
system. there are two features of expense
management automation.

5. Set the Strategy
Foundation
● Cost Strategy
● Rotational Behind picking up the cost strategy
● Opportunity Cost
● Product costing
● Cost Estimation

6. Logic Behind A Successful Cost Strategy
● Provide a value to your customers
● Create best quality in your products
● Try to establish a huge network across the globe for distribution
● Regularly release campaigns and new marketing strategies.

7. Management Functions
● Profit of customer
● Active cost system
● Quality management so effective product can be
delivered on time.
● Work on customer Feedback

8. Product costing and product Allocation
Order costing of work.
Managing and establishing product service
Cost establishment

9. Working capability of
Management
● Analyzing budget and variance
● Balancing scorecard
● Transfering prices
● Examine the divisional capability
● Earning points for monitoring

10. Try to do great
Innovations
Evolve your ideas because you believe in them
Try to take customer feedback to improve
your product according to their preferences.
So you can get best results a customer support
and great rapport among them.