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Hidden Dangers of Business Growth

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When a business grows, employee’s time becomes stretched as often there is more work to do with the same amount of time and resources.

Download our report to see if your organisation has outgrown its financial systems: http://www.webexpenses.com/outgrow-your-business-processes.htm.

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Hidden Dangers of Business Growth

  1. 1. For the full report that details the warning signs to look out for visit:http://www.webexpenses.com/outgrow-your-business-processes.htm
  2. 2.  As a business grows, employee’s time becomes stretched as there is more work to do with the same amount of time and resources This is especially true when it comes to financial tasks as manual processes are time-consuming and become outdated Organisations that want to keep detailed records of all transactions must realise when the cost of daily financial administrative duties outweighs the cost of putting automated systems in place
  3. 3.  There are many warning signs that organisations must look out for when it comes to expenses & benefits management If manual process becomes too much of a burden for employees, then it is probably time to begin to look at software to take some of the pressure off individuals T&E expenses becoming difficult to monitor, and items such as mileage claims not adding up correctly can all point to the fact that a new system must be implemented Failure to spot these problems can stifle growth and lead to a backlog of paperwork as the company’s systems struggle to cope with the increasing demands
  4. 4.  Working with Excel documents and files may be effective when a company only has a small number of employees, but it becomes difficult as the numbers grow Cloud-based software allows companies to increase both efficiency and productivity By shifting to a SaaS model, companies can streamline the financial regulation process and reduce administrative time spent A cloud-based software such as WebExpenses allows more visibility and control for organisations, as well as streamlines complex business transactions
  5. 5.  The Growing Pains Report identifies the dangers faced by businesses if they fail to adapt to the demands of an expanding organisation One of the problems highlighted by the report is the increasing burden placed on companies to comply with various legislation requirements, particularly providing the correct information for HMRC audit purposes The findings of the report are based on the first-hand experience WebExpenses has acquired in helping businesses to cope with exactly this kind of problem
  6. 6.  Victoria Millsop, Operations and Sales Director at WebExpenses said: “It’s a really exciting time for a company when they first start to see growth, but it can also be a dangerous time. Systems that may work perfectly well for a small sized organisation are often not scalable and the bigger that company becomes, the more strained these business practices are liable to become. “What we want the report to do is help companies to spot these danger signs and find solutions before they are allowed to become a problem. The report also gives some practical advice on how companies can tackle this issue.”
  7. 7. For the full report that details the warning signs that a businessneeds to look out for visit: Outgrown Business Processes To stay connected with WebExpenses, find Us On – Google+ LinkedIn Twitter Facebook YouTube

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