Are staff expenses affecting your cash flow? Find out how the latest expense management software helps put you back in control of your employee spending.
When your managers and employees have their own budgets to utilise and spend, it's important to keep in control of these staff expenses.
It used to be standard practice to have a firm-wide company credit card that staff could use to make ad-hoc and recurring payments. But a company card can easily be misused and doesn't help you keep your spending in check.
Today's expense management systems, like Soldo, Pleo or Weel, all give you far greater control over your staff spending – with additional benefits that streamline your expenses process.
The benefits of a cloud-based expenses management system
The evolution of cloud accounting and fintech software has led to a significant leap forward in the control your business can have over its staff expenses.
Expense management solutions are now fully digital platforms. Your team has flexible ways to pay for expenses and operational costs, with a greater level of control over how much is spent, who spends it and how these costs track against the company’s main cashflow position.
With a modern expense management app, you can:
Talk to us about getting in control of your staff expenses
Spiralling staff expenses can have a profoundly negative impact on your cashflow. But with a cloud-based expenses management system in place, you’re in full control of every transaction, every cost and the overriding impact on your cash position.
Talk to us about which expense management platform is right for your business, and the best way to integrate your chosen app with your main finance system.