The Opportunity - Reduce Expense Spend
Most Travel and Expense (T&E) systems focus on automating expense capture and the remittance process with heavy reliance on up-front controls as their primary means of enforcing policy. While these systems streamline the expense management processes and approvals, they fall short in generating cost saving opportunities and providing visibility into noncompliant behavior, especially compliance over time. In addition, IRS employee expense guidelines are complex and changing and few T&E systems provide capabilities for correctly classifying expenses for tax purposes.
The Solution - Halo for Employee Expenses
PwC’s Halo for Employee Expenses combines a proprietary digital intelligence and analytics platform with PwC’s supporting services to deliver real time insight into employee expenditures.
Halo analyzes every transaction from existing employee expense systems using the latest advances in machine learning and advanced algorithms to deliver web-based, interactive dashboards and reports with insights into policy compliance, expense patterns, trends and the identification of questionable expenses.
Halo also generates personalized scorecards showing employees how well they’re adhering to policy with an educational component that reinforces good behavior and helps curb future violations.
Our dynamic management reporting and expense analytics system includes all levels of staff, supervisors, and management in the process of monitoring and influencing employee expense patterns. Interactive summaries and assessment of employee compliance and behavior patterns provide complete transparency to emerging issues.