[adning id=”12070″]

[adning id=”12070″]

Why expense management is so important, even when employees are not travelling

Right now, most businesses are trying to eliminate operational inefficiencies and avoidable expenses to reduce costs. Employee travel expenses are also currently on hold, which can give a false impression of lower spending that may lead to a shock when normal business activities resume. This momentary lull can dupe businesses into neglecting expense management. However, by relying on manual expense processes, small businesses lack visibility into and control over their cash flow, which can create significant problems in an uncertain landscape.

Expense automation is the key to helping small businesses become more resilient, scalable and agile in the new business environment. An automated system ensures business leaders see spend in real-time, reduces the risk of human error and fraud, and improves employee satisfaction by making the expense process simpler and easier for them. Staff members can submit and approve expenses anywhere, anytime, using any device, helping them remain productive while working remotely. 

Automated expense management solutions can ease pressure for business owners and their staff, allowing them to increase efficiency and focus more on income-generating activities. Small businesses are usually hit the hardest during economic turbulence, and financial management is a crucial part of business survival. An automated expense management system gives small business owners access to accurate, real-time financial data that helps them prioritise business strategies. They can then use this data to forecast budget, spend and revenue, and identify ways of improving efficiencies to position their business for future success. 

See how you can get up and running with an affordable, automated solution… quicker than ever here.

Sponsored article by SAP Concur - Connecting all your expense, travel 
and invoice spending in one system.
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Share on print
Print

Leave a Comment

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered

RECEIVE GOVT GRANT OF $10K to $250K*.

Austrade Approved Business Events
AVAILABLE NOW APPLY BEFORE 30th MARCH 2021 (Condition apply)

  • ABF Events are approved and listed below have been certified by Austrade on the Schedule of Approved Business Events.
  • This allows exhibitors, sponsors, delegates and partners to participate in the Business Events Grant Program. Note event bookings need to be confirmed ASAP to participate in the grant program
  • The program provides 50% rebate (based on a minimum spend of $20k) for approved items including ABF event-media packages, exhibition stands, corporate function tables, delegate registrations.
  • Govt Grant applications are now open until the 30 March. Please contact ABF to discuss how we can assist, we have experts to assist grant applications.
  • Grant funding will cover up to 50% of eligible expenditure incurred in participating at pre-approved business-to-business events as buyers or sellers during the 2021 calendar year.  All grant applications must be submitted for approval via the following link: https://business.gov.au/grants-and-programs/business-events-grants
  • For further information please see this fact sheet.