As your company grows, so does the number of expenses. Staying on top of spending will get harder, this is why it’s important to put in place tools and policies that make sense.
Research shows that employees working at companies like Netflix or Google are on average 40% more productive. This is in big part due to eliminating organisational drag like internal processes or policies. Including the one about expense reports.
Advancements in payment technology, business processes, employee behaviour and compliance requirements are changing how company spending is done. As a result, we are seeing a massive shift towards the elimination of expense reports.
Whilst it theoretically seems like a good idea to automate your expense processes, without concrete figures to demonstrate the ROI, it’s difficult to convince yourself or others to make the jump. So, is your current manual process really that cost-efficient?
Matthew Booth from Blu Sky Chartered Accountants, one of our accounting partners, explains the benefits of Pleo for both, their practice and their clients, in this guest blog post.