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Top 10 best expense management software in the UK

In the UK, about a third (32%) of workers deal with work expenses. Among those who do, many are professionals and administrative staff.

Interestingly, even though expense management software exists, only 40% are using software to manage business expenses. Many are relying on old-school methods: 35% use basic spreadsheets and 10% still use pen and paper for expense management. [source]

In this digital age, using old-school methods for managing business expenses only means putting an additional burden on your head. Without any smart software handling your routine financial paperwork, you would only have mountains of receipts of coffee runs, travel through vouchers, invoices, bills, and purchase orders left at your desk.

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Artificial intelligence in accounting: the essentials in 5 questions

Louise Mulatier

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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Young man on a business trip, with his phone in his hand and an orange jacket

Travel request and expense reports: which reimbursement process to set up?

Tiffanie Laurent

Travel expenses report Comments Off

From local customer meetings to international business trips, all companies need to manage their employees’ business trips. When employees go on a business trip, they are sometimes required to make a travel request, or agree a travel request with their employer. But what is the point of this mission order? How can you optimize the resulting reimbursement process? Find out everything you need to know about mission orders.

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[HR] Why adopt a travel management system?

Louise Mulatier

N2F latest news, Travel expenses report Comments Off

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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The essential tools for a CFO 2.0

Marion Chevry

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Is your company going digital? With the company’s various departments progressively integrating new tools, the administrative and financial department’s shift to digitalized operations will be a key part of your development as a 2.0 company. It will ensure that your company is more responsive, productive, and profitable. However, there are many options on the market. Selecting the best software and applications for your department can be a real challenge. To help you make an informed decision, we have cherry-picked four high-performance tools to optimize the digitalization of your administrative and financial department.

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CFOs: digitalization as a key support for strategic decision making

Nicolas Dubouloz

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In the current crisis, the CFO’s role is more important than ever. A key issue at stake is maintaining the company’s solvency in order to protect the business, but profitability is also essential, because the pandemic has not completely closed off business development opportunities. As CFO, you need to be responsive, to make the best strategic decisions, and to be perfectly agile. Good news, digitalization has really taken off! Powerful tools can help you to optimize your missions. Find out how to take advantage of them.

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How to speed up the reimbursement of your employees’ expenses

Marion Chevry

Travel expenses report Comments Off

Poorly managed expense reports can quickly become cumbersome and time-consuming. How can you establish a clearer management policy that leads to faster reimbursement? Discover the tips to follow!

When employees incur personal expenses in the course of their work, they expect to be rapidly reimbursed. This is especially true if the amounts involved are significant. A business trip that includes several nights in a hotel, meals, and train or plane tickets can quickly strain their budget.

The company also has a vested interest in reimbursing expense reports as quickly as possible. If not, the motivation and trust of its teams will inevitably be affected. Significant delays could even lead to potentially serious litigation.

Discover our four tips to ensure that employee expense reports are reimbursed faster and without error. This will guarantee a climate of trust within your company.

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The checklist of essential features for an expense report application

Nicolas Dubouloz

Travel expenses report, Travel expenses report accounting Comments Off

Business growth, increased mobility, international markets, optimizing administrative processes… whatever your company’s needs, five functionalities, linked to flexibility, immediacy, and productivity, are essential when choosing an expense management application. To select the best solution, follow the guide!

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Covid-19: How to control your expenses in times of crisis

Tiffanie Laurent

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Controlling expenses is a crucial issue for companies, now more than ever. The Covid-19 crisis has put a strain on the financial stability of many businesses. The need to reorganize work and the various constraints linked to managing the crisis have generated unexpected additional expenses. The question is how to better control business expenses and how to save time on repetitive tasks. Here are four steps to take to effectively reduce costs and deal with temporary or permanent economic difficulties.

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Expense reports: what validation processes should you put in place?

Nicolas Dubouloz

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The expense report validation and approval process is a crucial step in ensuring compliance with a company’s reimbursement policy. It involves checking each expense incurred and detecting errors and missing receipts, while respecting the budgets that have been set. It is also a particularly tedious and repetitive process for managers and the accounting department. Here is a series of best practices you can follow to implement a more efficient expense validation process for everyone.

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Archives : Travel expenses report

Top 10 best expense management software in the UK

Artificial intelligence in accounting: the essentials in 5 questions

Travel request and expense reports: which reimbursement process to set up?

[HR] Why adopt a travel management system?

The essential tools for a CFO 2.0

CFOs: digitalization as a key support for strategic decision making

How to speed up the reimbursement of your employees’ expenses

The checklist of essential features for an expense report application

Covid-19: How to control your expenses in times of crisis

Expense reports: what validation processes should you put in place?