How disruptive tech solutions are benefitting small business UItilising the right tech to help automate processes is critical for both survival and profitability for millions of small and medium businesses around the globe. Whether you have 1-5 or 200 employees, it is now essential that you source the best tech solution to automate as much of your business as possible. This article is
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s this technology is evolving it is inevitably disrupting more traditional business processes and established sectors. New banks are offering simpler, cheaper and quicker solutions for small businesses, accountancy software is always evolving to make managing your accounts and invoices much easier, cyber security solutions are helping owners keep data safe and GDPR compliant and expenses apps are making managing and monitoring staff expenses a simple and painless experience. The impact of the pandemic on our working life caused a technological revolution that was bubbling away slowly, to explode as so many disruptive solutions which used to be ‘convenient’ preCOVID have now become critical tools. Businesses simply cannot survive without Zoom calls, Slack chats, remote systems, cloud solutions and many other tech solutions. These are now a major part of our working day, and so many disruptive technologies have adapted quickly to the ‘new normal’. In the last 18 months, many services have advanced in
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what ordinarily would have taken years and this has made many business owners moving away from traditional methods and sourcing disruptive tech solutions to help them manage and grow their businesses. This March, ExpenseOnDemand is teaming up with the SME Club and the ICAEW to host a live seminar about how tech disruptors are helping small and medium business owners manage business processes and free up their time to focus on the important aspects of running their businesses. The seminar will cover many topics including how as technology continues to rapidly impact business processes, many firms will need to collaborate and offer open APIs to allow seamless integration and for multiple software’s to be able to talk to each other. This has already been happening across many sectors, such as FinTech for years as accounting, expenses and internet banks integrate to allow a completely coherent solution for businesses.
@ExpenseOnDemand
Sunil Nigam, CEO & CoFounder, ExpenseOnDemand We launched ExpenseOnDemand in 2003 with a vision to enable companies & their employees globally to focus on their core job by offering a smart, simple & intuitive expense management solution. We continually update our technology to make our solutions current and affordable to everyone. When not at work, you will catch me mentoring young entrepreneurs, debating Indian history & global economics, reading a book, or cooking a meal for the family.
offering our clients around the globe a simple solution allowing employees to remotely upload and claim business expenses from any mobile device, including approving them on the phone. And it integrates within minutes with Xero, to automatically upload all transactions. How cool is that! Our very own disruptive tech solution meant we were, therefore, perfectly placed to help our clients when the pandemic struck in early 2020 as their staff dispersed from offices and worked from home due to global lockdowns. Apart from offering over 100 functions to choose from, Xero users can, for example, set up their own approval hierarchy and businesses can build their bespoke subscriptions in minutes, and only pay for functions they use – not the whole application. Additionally, we offer a simple “pay as you use” pricing model keeping costs completely manageable and flexible.
For many years, the ExpenseOnDemand app has been
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