Embracing Enterprise Mobility for Efficiencies and Savings
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Embracing Enterprise Mobility for Efficiencies and Savings

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With remote working increasingly seen as the norm and the majority of workers now ‘mobile’, Sanjay Parekh, Managing Director at WebExpenses, discusses how, finance departments need to embrace ...

With remote working increasingly seen as the norm and the majority of workers now ‘mobile’, Sanjay Parekh, Managing Director at WebExpenses, discusses how, finance departments need to embrace enterprise mobility in order to become more efficient and slash admin costs.

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  • WebExpenses<a href="http://www.webexpenses.com/"> expense management</a> service helps you audit an array of claims across a travelling workforce, incurring costs in different contexts, through different payment methods and currencies. With remote working increasingly seen as the norm and the majority of workers now ‘mobile’, Sanjay Parekh, Managing Director at <a href="http://www.webexpenses.com/"> WebExpenses </a>, discusses how, finance departments need to embrace enterprise mobility in order to become more efficient and slash admin costs.

Embracing Enterprise Mobility for Efficiencies and Savings Embracing Enterprise Mobility for Efficiencies and Savings Presentation Transcript

  • With remote working increasingly seen asthe norm and the majority of workers now„mobile‟, Sanjay Parekh, Managing Directorat WebExpenses, discusses how, financedepartments need to embrace enterprisemobility in order to become more efficientand slash admin costs.
  •  Workforce mobility has increased because of legislation emphasising work/life balance and the increasing consumerisation of IT More than a quarter of emails are now opened on mobile devices Increased use of consumer IT devices to perform corporate duties has rendered the task of expenses management more difficult Businesses are striving as never before to reduce admin costs and stay compliant
  •  As working from home and on the move becomes the norm, employees will continue to access corporate data on personal devices and shop online for the best T&E deals An increasingly mobile workforce means claims are splintered among multiple sources, making the money trail harder to follow As a result businesses can no longer take a paper-based or PC- centric approach to expenses-management Successful businesses in this changing economy will be those that embrace mobility and give employees the flexibility to work from any location or device
  •  Modern “i-workers” who are accustomed to technology built around ease-of-use, meanwhile, will not tolerate rigid expenses systems that make it hard to choose the best travel deals or submit expense claims on the move Businesses are looking to slash their admin costs and to ensure that fraudulent claims are identified/flagged easily It is important to spotting emerging trends and inconsistencies in spending swiftly
  •  Clever FDs will take advantage of this mobility to speed up processes and increase efficiency using cloud-based expense management tools By switching from traditional paper-based solutions to automated expenses-management systems, the Aberdeen Group believes companies can slash their admin costs by over 50% This also increases compliance by almost 30%, as companies can conduct best-practice audits, and instantly reimburse employees Smartphone apps, the latest weapon in the war on waste, are giving employees the ability to submit claims and evidence “on the go”
  •  By empowering employees to instantly upload their claims and evidence when booking T&E, FDs can monitor claims in real- time from anywhere, reimburse employees instantly, and conduct first class audits Policy warnings can be issued as they happen, to eliminate errors This approach to expenses enables companies to identify, reimburse and reward the most honest employees whilst excessive or fraudulent claimants will be more easily spotted and monitored
  •  Smartphone expense management apps can turn the trend for worker-empowering consumer-IT to their advantage, by making it easier for employee‟s to submit claims and evidence on-the-go Apps, integrated with phone cameras, can capture electronic receipts, removing any excuse for losing evidence or adding on late “extras” and help remote FDs in keeping track of expenditure, even while employees are “on the road” WebExpenses cannot eradicate fraud: ultimately every technology depends upon a degree of trust in its users; but it offers companies a golden opportunity to cut waste while restoring employees trust in the system
  • To stay connected with WebExpenses, Find Us On – Google+ LinkedIn Twitter Facebook YouTube