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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Companies are legally obliged to post accounting entries. This provides the tax authorities with information about the company’s finances, but it is also a good performance and monitoring indicator for the company itself.
In this article, we give you three tips to help avoid surprises when entering your purchase invoices, sales invoices, bank statements, VAT declarations, tax notices or payroll journals!
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In companies, expense reports are still generally managed in Excel. But spreadsheets are not very intuitive tools and are not really intended for collaborative work. This often leads to delays, errors, and omissions. The solution? Move to paperless processes with powerful expense management software! We focus on five major advantages of the N2F solution for companies today.
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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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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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