CME Travel and Expense Management Tips

For companies having CME programs, one of the key issues being tackled today is the expenses a representative may need whenever there is a need to travel. Since you provide such program, you must have a budget for the travel-related expenses. However, how are you going to make sure that the person won’t go over the budget? Follow the tips listed on this infographic.

1. Have black and a white document detailing a fair and sensible expense policy. Such document will tell what kinds of expenses are considered legitimate CME expenses. This is because some people bring in their family members whenever they are sent for these programs.
2. Hotel accommodations, lodging, meal allowances and transportation expenses are the items that eat the budget much. You can lessen by using technology and the internet to book at a lower rate.
3. The CME department must also be aware of the remaining funds that can be used for these programs. Hence, it would be helpful to send out memos informing everyone about the amount of the fund allocation, amount used and the amount that can still be utilized.
Evaluation is a key to ensure that budgets are being followed. The company must have a CME Audit Plan to review, verify and evaluate the expenses incurred. Also, internal audit allows you to check whether established policies are followed.

See the Infographic Below

CME Travel and Expense Management Tips

CME Travel and Expense Management Tips

Created by CME4 LIFE

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