After more than a decade’s worth of research and development, we have developed an expertise second to none in expense management. It’s a knowledge we love to share; helping to guide you safely through the expenses process and related legislation and hot topics.
We provide clear and concise information and guides to ensure you always have the know-how required for effective expense management. Please, feel free to download as many of our resources as you need or contact us if you have any questions.
Whoever put ‘float’ into the finance lexicon for describing petty cash was ‘right on the money’ because, as we’ve probably all seen, sometimes petty cash has the ability to inexplicably float away! For many businesses, petty cash is a necessity because access to ready cash oils the wheels of daily operations. However, paper-based systems to…Read More
Digital transformation in the workplace spikes in wake of pandemic The COVID-19 pandemic has created unprecedented challenges worldwide across social, economical, environmental, and political factors. No one could have predicted the devastating scale of impact it would have on every single part of society. The business world is no different and has not escaped widespread…Read More
You may already have an expense policy, or you may be an organisation just starting to realise that you need one. It provides all the basic help and information you will need to create a robust expense policy document. It’s the foundation on which all effective expenses management is built. With cloud-based management tools allowing…Read More
Time for change Managing employee expenses should be easy. It’s simply a way to reimburse employees for any business costs they cover from their own pockets. But for most companies, the day-to-day reality of expense management is far from simple. It has been allowed to grow into a notoriously difficult area of company finances to…Read More
A visual guide to show you exactly how Webexpenses simplifies and improves the way businesses are able to track and manage employee spend. Here’s how you can reduce expense processing times by up to 25% when using a cloud-based expense management software.Read More
A practical guide to managing your company’s expenses The biggest danger posed by expenses is our attitude. It’s the way organizations allow expense reports to be something to dread and avoid. How they become the business equivalent of a dripping tap – a problem you learn to live with. Over the past decade, the digital…Read More
The environment in which employees work has a huge impact on how they act. And there’s no better example of this than our attitudes towards expenses. It helps to explain why so many people, who consider themselves to be honest and law-abiding, are willing to carry out expense fraud in the workplace. Global research commissioned…Read More
The path to finding your perfect expenses management solution A wise man once said: “The most important part of any job, is choosing the right tool”. And when you’re job is business finance, then it’s likely that managing the process and payment of employees T&E expenses claims is a major part of it. So, it’s…Read More
What makes accounts payable such a difficult area to manage effectively? A global survey, carried out by OnePoll, found that invoice handling is amongst the top five causes of business administration inefficiency. For more than two-thirds (67%) of companies, this remains a manual process with finance professionals still having to rely on paper documents and…Read More
It’s estimated that a typical company loses 5% of its annual revenue to fraud, amounting to global losses of $2.9 trillion each year.Read More
What is Making Tax Digital? This is an HMRC initiative, first announced in 2015, that aims to simplify and streamline the UK tax system. The original plan was to introduce digital record-keeping and quarterly submissions for income tax, VAT and corporation tax by 2020. After a consultation, this was changed to a more phased approach.…Read More
Managing expenses seem easy when it’s printed on a policy document. But the challenge with expense management isn’t creating a great policy – it’s making that policy work in the real world. In a complex business landscape – a shifting interplay of people, power, structures, and status. It’s in this mix that finance professionals are faced…Read More
from our UK office Ensuring HMRC compliance is a two-way process. You need to ensure that all your tax responsibilities are being met but also that you’re able to reclaim any legitimate HMRC reimbursements. This requires getting to grips with VAT. But the complexity of VAT legislation means that many companies are failing to properly…Read More
The danger posed by expense fraud is ‘death by a thousand cuts’. It’s the cumulative impact of multiple small losses over time which can deliver so much damage to business efficiency. A global report, commissioned by Webexpenses, identified that while fraud patterns vary greatly between different nations, the common factor they share is the dominance…Read More