Expenses Management

2009 was a year of exposure - 2010 is the year to clean it up

Last year the headlines were dripping with outrageous expense claims made by MPs, which highlighted the need for more rigorous claim checks by private and public organisations.

“It’s not just MPs’ expenses that can get out of control. The same kind of excesses exposed in the Press regarding MPs’ claims are being replicated by employees all over the country, and costing businesses and other organisations millions and millions of pounds.” Reported Neil Everatt, Managing Director Software Europe.

This saw an influx in the awareness of preventative, proactive automated software that allows every business to improve policy compliance and reduce fraudulent claims.

If you don’t want to be one of the companys left in the dark with their employees expenses spend, automating this process is one option that not only heightens the clarity of claims but allows you to report on the data and in turn enforce new policies to clean up this process.




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Below is an example report of the information you can find with expenses2010.

Fraudulent items in expense claims

If you would like to learn more about automating your expense management process and maximising the visibility of your employees spend, please contact one of our spend management consultants:

Email: info@software-europe.co.uk
Complete the contact form: http://www.expenses-software.com/contact-us-form.html
Call:
01522 881300

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Welcoming new customers

We would like to welcome onboard the new customers who have joined the expenses2010 group recently. These include:

Northwest Development Agency were looking for a system to provide them with a more efficient reclamation process and a more advanced capability to audit their employees expenses expenditure to stop over claiming and create policy changes to make further savings.

Royal Berkshire NHS Foundation Trust purchased our expenses solution as an initiative to streamline their claiming process whilst making significant savings through the use of the unique mileage functionality expenses2010 for the NHS has to offer.

North Somerset PCT were keen to find a system to make the claiming experience quicker and easier for the staff. After choosing expenses2010 for the NHS, they have found a system that not only achieves this but also provides increased control and visibility of their expenses spend.

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Legislative Updates

VAT changes: As of January 1st the government raised the VAT amount back to 17.5%.

Are your expenses affected? You will need to make sure that any calculates used to work out the amount of VAT reclamable on expense claims made before 1st Jan 2010 utilise the 15% rate and any made after this date use the 17.5% rate.

expenses2010 makes this process easy – administrators of expenses2010 can log into the administration settings and enter specific dates for when each rate is applicable, the correct reclaimable amount is then automatically calculated through the system.

Company Cars – advisory fuel rates from 1 December 2009
From the 1st of December 2009 the company car advisory fuel rates changed, these figures apply to all journeys on or after 1 December 2009 until further notice.

Engine size

Petrol

Diesel

LPG

1400cc or less

11p

11p

7p

1401cc to 2000cc

14p

11p

8p

Over 2000cc

20p

14p

12p

Click here to see how these figures were calculated

With an automated solution like expenses2010 you can make these policy changes quickly to ensure your employees are paid correctly for mileage claimed before and after December 1st 2009.

 

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Did you know?

HMRC have created an A-Z answering any questions you may have regarding employee benefits and expenses: http://www.hmrc.gov.uk/paye/exb/a-z/a/index.htm

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Our interactive web-based events are a great way to see a demonstration of the system, from the comfort of your office.

Expense Management Events:

Date:

Location:

expenses2010 Webinar

10th March

Online

expenses2010 Webinar

24th March

Online

expenses2010 Webinar

7th April

Online

Click here to register for one of our interactive web-based events

www.expenses-software.com

 

 

 
Software (Europe) Ltd. is a limited company registered in England and Wales. Registered number: 2360522.