Financial directors opt for flexible “pay as you use” tech solutions
Global expenses app, ExpenseOnDemand, has seen a huge increase in the demand for its ‘Pay as You Use’ model as businesses leaders and finance directors are sourcing solutions that allow their businesses to automate process whilst being able to adapt to the ‘new normal’ and ever changing Covid-19 business landscape.
As businesses look to the post-vaccine future and the potential return to offices, a recent survey by the global expense app highlighted that nearly a third of financial experts (30%) will be focussing on automation this year and will be actively sourcing solutions that offer cutting-edge technology and flexible ‘pay as you use’ subscription models to keep costs down when the services aren’t required.
The survey also illustrated how companies are planning to accommodate new working habits, as many are expecting staff to work at least part time from home, with nearly half (47%) aiming to reduce their head office size and 22% opting to move to multiple regional offices rather than a main head office. These figures show the extent the pandemic has had on the future of the workplace and the importance of both automation and “pay as you use” subscription models for the survival of many businesses.
The ExpenseOnDemand app allows employees to simply upload and claim business expenses from any mobile device, helping finance directors to automate their expenses process in a paperless environment.
Sunil Nigam, founder at ExpenseOnDemand, commented, “These valuable insights from finance directors, CFOs’ and financial experts show how businesses are focussed on tech solutions that reflect the new normal. The rise in demand for our ‘pay as you use’ model highlights how important costs are especially at the moment and that business expect more flexibility from their providers.
The team at ExpenseOnDemand has adapted our market leading app to make it easier for finance leaders and staff to manage expenses in the new normal, especially with so many employees working from home. They can simply and seamlessly upload expenses and finance teams can automate the whole process.”