VAT rates increased in Switzerland on January 1, 2024. Companies need to take stock of the situation straight away in order to prepare and to make the right changes to their ERP and accounting systems.
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The UK saw a significant number of business visitors in 2023, with over 37.1 million visits recorded. [source]
From securing new clients to fostering stronger partnerships, business travels bring a number of business opportunities along. With opportunities, it carries challenges though.
For companies, managing these business travel expense reports after each trip is often complex and challenging. Per diems bring a simpler, more efficient solution to manage business travel expenses.
Under the regulations of per diems, you no longer need to review receipts for every meal and travel cost that your employee makes during the business trip. Per diems provide you with a standard daily allowance to reimburse travel expenses to your employees.
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Is artificial intelligence a threat or a productivity lever for the finance sector? It’s hard to say, but in all likelihood, it is in the interests of finance professionals to include AI in their digital transformation process. By saving time and improving data reliability, finance departments can focus on analysis and decision-making.
But while most managers and boards of directors are convinced of the usefulness of AI, they sometimes find it difficult to determine how to implement it. In this article, we invite you to take a closer look at the concept of artificial intelligence as applied to accounting.
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Although companies have been digitalizing on a large scale for years, it is clear that one department has been neglected: the Administrative and Financial Department.
What’s more, the current health crisis and the resulting upheaval in the way that work is organized have highlighted the difficulties encountered by these support functions. When working remotely, many people have been held back by an outdated or poorly thought-out system, or have been unable to access the tools they need to perform their tasks.
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Business travel is part of daily life for a company’s employees. Depending on their position and their work needs, it might involve one-off trips or more regular business travel.
Managing and optimizing business travel has become a real issue for companies. The global pandemic, in particular, has had a strong impact on business travel.
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Did you know that you can use your accounting data to facilitate your strategic planning process? This information will be invaluable in determining the areas of development or growth for the coming year, as well as areas that you will need to keep an eye on. Let’s first take a look at information governance.
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The digital transformation of companies – you’ve been hearing about this everywhere over the last 10 years. You might even be starting to get sick of it!
But, for SMEs, digitalization is essential to ensure business competitiveness. First, let’s get back to basics! When we talk about the digitalization of companies, what exactly do we mean?
No, digitalization is not (just) creating a Facebook page for your company! Digitalization actually refers to digitizing your company’s internal organization and strategy.
But SMEs often forget about the digitization of internal processes in their strategic decisions, despite it being essential!
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Whatever the size of your company, VSE, SME, mid-market, or large group, you may be looking for a solution to control the management of your company’s professional expenses.
Business, or corporate, bank cards allow company employees to make payments on behalf of the company, without having to pay for these professional expenses in advance.
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In large groups, such as mass-market retailers, expense reports can quickly become an issue.
Dealing with expense reports is tedious, and employees often wait until the last minute before submitting them. The company’s accounting teams then face a work overload, preventing them from performing their day-to-day activities and delaying employee reimbursements.
In some groups, expense reports are so complex that employees are assigned to them full time!
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Companies have numerous obligations as far as business travel is concerned. Travel managers are there to simplify processes and streamline business travel expenses. But the task can be complex as the role mixes technical, accounting, logistical, and human aspects, among others.
A travel management system is the ideal solution for managing these complex assignments! If you’re still not convinced, here are four very good reasons for adopting these tools.
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