Cycle time in days to approve and schedule T&E reimbursements

This measure calculates the number of days to approve and schedule travel and entertainment (T&E) reimbursements. T&E expenditures are the reimbursable expenses employees incur on behalf of the company (e.g., rental car, hotel, airfare, etc.). It is a Cycle Time measure that helps companies analyze the duration of the "process expense reimbursements" process from beginning to end.

Benchmark Data

Lock

Sorry! Not all users have access to all of our resources. Question mark icon

Want to unlock access to all of our resources?

Learn about Membership icon--arrow--right

Measure Category:
Cycle Time
Measure Id:
100587
Total Sample Size:
1,681 All Companies
Performers:
25th
Median
75th
Key Performance
Indicator:
Yes

Compute this Measure

Units for this measure are days.

Back to Top

Cycle time in calendar days from the receipt of an expense report to its approval and scheduling for payment

Key Terms

Back to Top

Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Travel and Entertainment (T&E)

T&E expenditures are the reimbursable expenses an employee incurs on behalf of the company (e.g., rental car, hotel, airfare).

Median

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

Back to Top

Cross Industry (7.2.1)

  • 9.6.2.1 - Establish and communicate expense reimbursement policies and approval limits (10880) - Explaining policies and procedures related to reimbursements requests by employees. Set policies regarding reimbursement process and amount limits etc. Inform employees.
  • 9.6.2.2 - Capture and report relevant tax data (10881) - Collecting and reporting all pertinent information regarding the taxes paid by the organization's employees.
  • 9.6.2.3 - Approve reimbursements and advances (10882) - Permitting expense reimbursement requests from employees.
  • 9.6.2.4 - Process reimbursements and advances (10883) - Paying for expense reimbursement requests from employees. (Follow Approve reimbursements and advances [10882] according to policies and conditions.)
  • 9.6.2.5 - Manage personnel accounts (10884) - Maintaining accounts of individuals who are connected with business.