Business Expenditures News
New system functionality and process to support compliance and Dean-level review of unusual spend
Good stewardship of Stanford funds and University Cost Policy dictate that business expenditures be reasonable and necessary. On February 29, new system functionality will flag outlier expenditures and an escalation process will allow Dean-level review and approval of unusual spend. Learn more in the articles below...
Compliance Assistance
System functionality flags outlier expenditures. In the Expense Requests system, and now in the PCard Module, warning messages appear when certain expense amounts exceed thresholds. These messages alert Expense Requests preparers, PCard verifiers, and financial transaction approvers that detailed justification is needed. Read more...
Spotlight on Meals
Guidelines for business expenditures. In a message to the University Cabinet and Administrative Deans, Randy Livingston, Vice Provost for Business Affairs and CFO, shares guidance on business meal costs. See his message and learn more...
Appropriate Spend?
Who makes the call? Schools and units do, with Dean-level review. In response to University Cabinet input, a new escalation process gives schools and business units final approval authority for seemingly high-cost business expenditures and expenditures outside of standard policy. Read more...
Impact on You
Click on your role for details on relevant changes:
