CFOs: how much do your employees’ expenses actually cost you?

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The real cost of managing expenses is often underestimated. Paper-based expense reports are still widely used by many companies. Processing errors can accumulate, not to mention the risk of losing receipts…

Poor expense management can cost companies thousands of euros per year! However, there are now simple and efficient solutions to optimize expense report management. The N2F expense report management application helps companies to significantly reduce the cost of processing employee expense reports. Find out how it works…

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How to speed up the reimbursement of your employees’ expenses

Marion Chevry

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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

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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5 reasons to automate your expense report management

Marion Chevry

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Expense reports are indispensable and practical documents for all companies. But when companies grow, the number of assignments increases and paper documents accumulate. Given the complex rules to be respected when validating expense reports, managing this process can quickly turn into a nightmare. But no need to panic! A solution exists: automation using management software. Easy to set up, it has several advantages for you and your company, including the following.

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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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Mid-market firms – 7 reasons for implementing expense report management software

Bertrand Muth

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Growing companies can optimize their administrative management by going paperless for certain procedures. By switching to fully paperless expense report entry and validation, you are choosing a simplified and secure process. Digital solutions also offer several very advantageous options for fine-tuning your company’s global strategy. If you are still hesitating between manual management, Excel, and expense report management software, here are 7 arguments that will help you see the advantages of an automated solution more clearly.

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Service companies: re-invoicing your employees’ professional expenses

Tiffanie Laurent

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To re-invoice professional expenses, it is essential to keep detailed accounting records to be able to track the professional expenses incurred, their amount, their nature, and the applicable VAT rate.

To help professionals in this task, the N2F expense report management application can be used to generate expense reports in order to avoid any errors or delays in managing the re-invoicing of professional expenses.

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Five tips to help you better control and monitor your expense report policy

Nicolas Dubouloz

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A company’s expense report policy provides a framework for reimbursing professional expenses… as long as it is carefully controlled and monitored! What’s at stake: making processes more fluid, saving money, and guaranteeing employee satisfaction. How can you manage your expense reports as efficiently and as fast as possible? Discover these five tips for optimizing the implementation of your expense report policy!

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Preparing your transition to digitized expense reports

Nicolas Dubouloz

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Is your business growing? Now is the time to think about digitizing your expense reports! Your workforce is growing, your employees are travelling more often, and business expenses are piling up. The result: your accounting department is overwhelmed by the enormity of the task and your employees’ productivity is marred by the repeated and time-consuming chore of preparing expense reports. To streamline the validation process, help teams increase their efficiency, and improve overall satisfaction within the company by reducing the grind of expense report management, switch to a digital solution! To choose the solution that best suits your needs, take it one step at a time–from preparing your technical specifications to launching your request for proposal, N2F will accompany you in your transition to digitized expense reports.

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