From rent payments to visa fees, corporate relocation inevitably involves significant cost. The viability of an assignment can hinge on the management and reporting of these expenses, but keeping on top of expenditure and payments can be a particularly time-consuming and complicated part of the process. Worry not, as Adleo offers a full expense management service so that you and your team can focus on the job at hand.
Adleo’s relocation expenses experts can:
- Verify, authorise and pay permitted expenses as per your policy and any allowances.
- Track and report corporate relocation costs to help you stay fully aware of relocation costs for each assignment.
- Ensure that all payments are made on time. Employees may submit valid expenses directly to us for reimbursement on your behalf.
Why Is Expense Management Necessary?
There is no escaping the fact that corporate relocation can be costly. While we have no doubt that your business will have carefully assessed whether the benefits of an assignment outweigh the costs, expenses can quickly rack up when not managed properly. Adleo’s expense management support gives you confidence that financial resources have been effectively allocated and used throughout all stages of your employee’s relocation, increasing the likelihood that budgets are adhered to and ROI targets are met.
Expense management is also necessary from an employee’s perspective. Moving somewhere new for work is a daunting process in itself and the pressure of the costs involved can further put pressure on your employee. By effectively managing expenses, the employee will not only be able to understand and follow budgetary requirements, but also have the reassurance that their relocation expenses will be paid in a timely matter. This frees up precious time and energy for your employee to concentrate on their new role rather than their expenditure.
Why Manage Relocation Expenses With Adleo?
Many businesses opt to manage corporate relocation costs in-house, but this can be a significant drain on internal resources. The team at Adleo can take on the full burden of your expense management and will stay on top of all aspects of relocation expenditure so that your internal team need not worry about having to collect information, pay invoices and track budgets.
The team will also help you identify areas for improvement throughout the corporate relocation process. Our detailed but easy-to-digest tracking and reporting of relocation expenses helps you stay in the loop when it comes to employee spending. These valuable insights can lead to cost-saving initiatives for your business.
Our expense management can be provided alongside any of our other corporate relocation services and is particularly suited to those choosing to book travel or accommodation with us. Don’t hesitate to get in touch with the team to find out how your employee’s relocation can go smoothly, regardless of budget and distance.
