When a business grows, employee’s time becomes stretched as often there is more work to do with the same amount of time and resources. Download our report to see if your organisation has outgrown its financial systems: http://www.webexpenses.com/outgrow-your-business-processes.htm.

1. For the full report that details the warning signs to look out for visit:
http://www.webexpenses.com/outgrow-your-business-processes.htm

2.  As a business grows, employee’s time becomes stretched
as there is more work to do with the same amount of time
and resources
 This is especially true when it comes to financial tasks as
manual processes are time-consuming and become
outdated
 Organisations that want to keep detailed records of all
transactions must realise when the cost of daily financial
administrative duties outweighs the cost of putting
automated systems in place

3.  There are many warning signs that organisations must look out
for when it comes to expenses & benefits management
 If manual process becomes too much of a burden for employees,
then it is probably time to begin to look at software to take some
of the pressure off individuals
 T&E expenses becoming difficult to monitor, and items such as
mileage claims not adding up correctly can all point to the fact
that a new system must be implemented
 Failure to spot these problems can stifle growth and lead to a
backlog of paperwork as the company’s systems struggle to cope
with the increasing demands

4.  Working with Excel documents and files may be effective when a
company only has a small number of employees, but it becomes
difficult as the numbers grow
 Cloud-based software allows companies to increase both
efficiency and productivity
 By shifting to a SaaS model, companies can streamline the
financial regulation process and reduce administrative time spent
 A cloud-based software such as WebExpenses allows more
visibility and control for organisations, as well as streamlines
complex business transactions

5.  The Growing Pains Report identifies the dangers faced by
businesses if they fail to adapt to the demands of an expanding
organisation
 One of the problems highlighted by the report is the increasing
burden placed on companies to comply with various legislation
requirements, particularly providing the correct information for
HMRC audit purposes
 The findings of the report are based on the first-hand experience
WebExpenses has acquired in helping businesses to cope with
exactly this kind of problem

6.  Victoria Millsop, Operations and Sales Director at WebExpenses
said:
“It’s a really exciting time for a company when they first
start to see growth, but it can also be a dangerous time. Systems
that may work perfectly well for a small sized organisation are
often not scalable and the bigger that company becomes, the
more strained these business practices are liable to become.
“What we want the report to do is help companies to spot
these danger signs and find solutions before they are allowed to
become a problem. The report also gives some practical advice on
how companies can tackle this issue.”

7. For the full report that details the warning signs that a business
needs to look out for visit: Outgrown Business Processes
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