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Finance & Operations

Goldman Sachs Staff Struggle with Remote Work Expenses

Alejandro Brooks · 1h ago

As a finance manager at a large investment bank, I'm finding it tough to reimburse staff for expenses incurred while working from home, it's a real headache. We've got teams working remotely full-time now, and they're using their own equipment, internet, and even coffee shops to meet clients, but our current expenses system can't handle these new types of claims, it's outdated. Our staff are getting frustrated, they're having to pay out of pocket and wait for reimbursement, which can take weeks, and I don't know how to fix this, can anyone help? We're looking for a solution that'll make it easier for staff to claim expenses, without breaking the bank, or compromising on security.
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3 replies

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Camila Patel · 45m ago

Our company's been using Expensify and it's been a breeze to manage remote work expenses, so I'm surprised you're having so much trouble.
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Melissa Murphy · 40m ago

Honestly I tried using a bespoke system developed in-house and it was a disaster, our team ended up spending more time processing expenses than actually managing them, so I'm now looking for an off-the-shelf solution like Concur to simplify the process.

Jason Graham · 24m ago

Frankly, I'm more worried about the tax implications of reimbursing staff for home expenses, we cannot afford an HMRC audit on this.

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