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…<\/p>\n\n\n\n
Poor expense management can cost companies thousands of euros per year!<\/strong> 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…<\/p>\n\n\n\n\n\n\n\n Companies often fail to realize the actual cost of mismanaging their employees\u2019 expense reports. Following the release of a study in 2015<\/strong>, many business leaders and CFOs were shocked when they saw the figures for expense management.<\/p>\n\n\n\n The following key figures from this study are still relevant for companies that have not yet optimized their expense report management:<\/p>\n\n\n\n These figures show that there is still room for improvement for companies that have not yet optimized the processing of their employees\u2019 expense reports.<\/p>\n\n\n\n Another finding of this study is that US companies have quickly realized the value of optimizing their expense management by using high-performance management software. In 2015, 81% of receipts in Europe were transmitted in paper format<\/strong>. In 2021, will the majority of companies have switched to paperless expense reports? Anything but…<\/p>\n\n\n\n In the digital age, it is possible to opt for a paperless solution<\/strong> that considerably reduces both processing time and the risk of error in the reimbursement of expense reports.<\/p>\n\n\n\n\n\n\n\n Several mechanisms can be used within companies to optimize expense report management. The main mechanisms that can be quickly implemented are:<\/p>\n\n\n\n On this last point, users of the N2F application have seen an increase in their recoverable VAT of about 3% per year, which is far from negligible when carried over to the amount of VAT applied to a company\u2019s overall business expenses.<\/p>\n\n\n\n The N2F expense report management application offers several features designed to optimize expense report management, including:<\/p>\n\n\n\n This N2F application has been designed to meet companies\u2019 specific needs when managing their expense reports, in order to considerably reduce both their management costs and possible errors in the entry or reimbursement of these professional expenses.<\/p>\n","protected":false},"excerpt":{"rendered":" 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…<\/p>\n","protected":false},"author":4,"featured_media":10391,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[236],"tags":[214,226],"ppma_author":[802],"class_list":["post-15846","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-travel-expenses-report-accounting","tag-expense-report","tag-refund"],"acf":[],"yoast_head":"\nExactly how much does it cost to process an expense report?<\/strong><\/h2>\n\n\n\n
Optimization solutions<\/strong><\/h2>\n\n\n\n
Why choose N2F software?<\/strong><\/h2>\n\n\n\n