The Break-up of the Eurozone and its Implications

Sanjay Parekh, MD at WebExpenses, talks about – The Break-up of the Eurozone How cloud technology could help multinationals adapt to an unpredictable financial future

 Businesses must now start preparing for a fragmentation of Europe Nicholas Sarkozy’s warned that “never has the risk of disintegration been greater” David Cameron’s dramatic veto and Ireland’s vow to hold a referendum on proposed moves towards fiscal union, now make Euro break-up a real prospect Even if the euro survives, several of its current members may well be forced out

 Once, these businesses had the advantage of harmonising the management of payroll, tax and expenses systems across one currency bloc, with one set of Treaty obligations Now they may have to centrally manage & monitor payroll, tax and expenses-systems across an array of newly-fragmented currency zones With heavily-regulated UK businesses losing an estimated £6.8 billion a year due to outdated paper-based payroll admin systems, a euro break-up will dramatically increase the red-tape overload

 Cloud technology helps in cost savings and scalability Its flexibility and the ability to quickly respond to and incorporate changes and updates is very critical Cloud-based software can be centrally altered to include “out of the box” updates; allowing multinationals to rapidly adapt to regulatory or currency changes affecting local divisions Companies using SaaS can customise their expenses & payroll management for international divisions and tiers of employees across a vast range of currencies, policies and rules

Contact Us – Website – http://www.webexpenses.com/ LinkedIn – http://www.linkedin.com/company/WebExpenses Twitter – http://twitter.com/WebExpenses Facebook – http://www.facebook.com/WebExpenses YouTube – http://www.youtube.com/user/WebExpenses

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The Break-up of the Eurozone and its Implications

by WebExpenses on Dec 13, 2011

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The Break-up of the Eurozone and its Implications — Presentation Transcript