When was the last time you reviewed your expenses policy? If you’re anything like the average business, your expenses policy hasn’t been updated for years, perhaps not since you first wrote it.
Rydoo is the travel and expense solution that will change the way we work. Rydoo is one single platform with different modules that cover the whole Travel and Expense journey : before, during and after trip. The user at the very centre of each Rydoo development to create the best possible experience.
The Institute of Finance and Management reports that more than 10 percent of the average company’s overall budget is made up of travel and expenditure (T&E) costs, second only to payroll. Despite the financial and operational importance of these expenses, 80% of businesses..
The introduction of digital receipts, the SaaS (Software as a Service) revolution and the widespread adoption of smartphones in the workplace has enabled companies to streamline financial processes exponentially over the last decade.
The adoption of digital expense solutions continues to rise with good reason. Spreadsheets are fantastic tools for basic data analysis, presentation and storage but they were never designed to manage business critical processes such as expense management.
As the majority of business processes switch to digitised and automated solutions, expense management in many firms remains low down on the list to review.
No one is rich enough to buy yesterday. I’ll be honest and admit that I’ve pinched that one from a song I can’t even remember anymore, but it seems like a great way to introduce today’s post about productivity and time-saving.
Technology has had a huge impact on almost all business processes. The cost saving, efficiency gains and reduced margin for error that leading tech solutions continue to deliver have improved working processes exponentially.
So you are probably as fed up with managing your expenses as everyone else. The good news is that in the past few years the reasons to justify continuing with a manual, time consuming process have evaporated.