Kick off your summer with a fresh financial perspective
Mobilexpense
Expense management as easy as scan, fold & throw. We do the rest. #FinTech #ExpenseManagement #Compliance #SaaS
👋 Hello and welcome to the very first edition of The Expense.
If FinTech is your thing, you’re in good hands. Expect the latest compliance updates, financial insights, expense management tips, and much more.
As things quiet down this summer, take the time to rethink and replan.
The best strategy you can create for your business is a financial one. So get ready for a fresh perspective and let us show you how good expense management matters can impact your planning.
💸 Spending tips
Pro tip: Never ignore expenses
Anyone who’s ever been in a dark room with a mosquito knows that small things make a big impact. 🦟
Don't let those small expenses fool you. They pile up and take a bite out of your profits.
What to do? Get yourself a slick expense tracking system. It'll help you spot where you can cut costs, spend smarter, and improve profitability. Stay on top of every cent, and you'll keep your business in shape.
Bottom line – manage your cash flow, stick to a budget, and track every penny. Do this, and you'll keep your business strong and successful. Ignore it, and you're in trouble. 🙃
– Source Forbes – How To Avoid Common Pitfalls In Your Small Business
🌍 Global compliance updates
Report your employee's CO2 mobility emissions in The Netherlands
PWC announcement states that starting July 1st, 2024, employers in the Netherlands with over 100 employees will need to report employees' mobility data. Nederlands Enterprise Agency says it’s a must.
By 2030, the government's goal is for businesses to reduce CO2 emissions. Making conscious decisions now is crucial, and sustainability is a must. Companies must report data on business travel and commutes, which will be monitored to calculate CO2 emissions.
You can choose how to cut CO2 emissions, as long as you are actively making your business more sustainable. Here's how:
💻 Trending tech
You’re using Generative AI daily, but are you aware of its risks?
From how we work, to the content we create, we’re using AI to be more creative and efficient. But, like any tech marvel, AI has its share of risks.
We’re talking about:
Banning the use of AI internally isn't an option. So, what's the next step? 🐾
Lock down your data, audit for fairness, respect IP laws, and set up some solid ethical guidelines. Manage these and you'll keep your business cruising smoothly.
More on how to mitigate these risks? Read 4 Types of Gen AI Risks and How To Mitigate Them.
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💸 The money minute
The impact of a standardised expense process on business efficiency
🎥 In our latest webinar, the expense experts Lieve De Herdt and Andres Correa Rojo revealed the ways that standardising company expenses makes an impact. Here’s a quick preview:
What is a standardised expense approach?
It means using the same rules and templates for managing expenses across the company. This makes setting up and running different parts of your organisation easier and faster.
– Lieve De Herdt, CSM Team Lead, Professional Services
What happens if you ignore the need for standardisation?
Skipping standardisation can have a negative impact. You may face:
🪙 Extra pennies
Expense management makes the difference
The consequences of poor expense management have a far bigger impact on your bottom line than you think. Believe it or not, we are talking millions that could be saved on expenses. 🙊
Simply put, expense management does make a difference in saving or losing money.
This Entrepreneur article highlights the same idea. Read their thoughts here: You Might Spend Unnecessary Money If You Don't Stay on Top of Your Expenses.
👐 The other side of Mobilexpense
World Environment Day at Mobilexpense
🌍 On June 5th, World Environment Day was celebrated worldwide. This day reminded everyone that protecting our environment should be a daily priority for individuals and companies alike.
At Mobilexpense, we promote environmental care through various employee initiatives. Here are a few of them:
Who is behind the Mobilexpense logo? 🤫
Our energetic team thrives on staying connected through our team-building activities. Here's a glimpse of our latest adventure, exploring the beautiful woods of Belgium together.
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