Expenses Management

Automating expenses is great for you, but what’s in it for your staff?

You may have read in the past about the benefits you and your organisation will realise through automating the expense management process and seen examples of how our customers have made savings and improved processes. Though it’s sometimes easy to forget about the other members of staff who will be using the system and how this will impact them.

Automating expenses is great for you, but what’s in it for your staff?


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If you’re looking to implement an expense management solution and are concerned about how your staff will react make sure you have the following at hand to help them understand the benefits and get them through the transition... Read Full Article Here

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Software Europe achieves ISO/IEC 27001:2005 certification

ISO Certification

Software Europe, established in 1989, is proud to announce gaining certification for ISO/IEC 27001:2005 the International information security manage­ment system standard.

Software Europe has a strong reputation for providing and maintaining high quality services to its customers and this announcement further assures them that their information is being protected.

The independent verification of the management system brings the organisation's information security under explicit management control and judged against best industry practice.

ISO/IEC 27001:2005 - Read more about Software Europe's certification

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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:

  • A leading high street clothing retail group, who spent a great deal of time investigating the expenses software market and after a rigorous, multi-level selection process they chose expenses2010 as the solution to manage their employees business expenses reclamation process.

  • Trafford Healthcare, who were keen to find an expense management solution that would help them achieve visibility over their staff's expenditure. With expenses2010 for the NHS they realised they could achieve this which would help them find greater savings.  

  • The Interiors Group, who had a clear objective to a find a system to improve control and tighten up corporate policies, assessed the market and were quick to choose expenses2010 as their system of choice.

    And now, only six weeks after their initial enquiry, they have already started implementing expenses2010; this example proves how quick the process can be if you're ready to make a purchasing decision.


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The extra implications of a 20% VAT rate!

With experts predicting that VAT could rise to 20% by the end of the year, this could have a significant impact on your business profit margins in terms of sales, but there are other areas which could be affected.

With employee business expenses you can already claim back the VAT on certain items however you need to ensure that how you reclaim and prove you are entitled to this amount is strictly regimented.

expenses2010 is one of the leading online expense management systems that excels in ensuring customers maximise the amount of VAT they can reclaim from their employee business expenses claims. Furthermore, it is completely flexible and configurable ensuring that any changes to the VAT rate can be instantly implemented and with ease. This provides assurance that a claim made within a specific VAT rate period has the correct amount of VAT calculated.

What happens if I just reclaim back 17.5%?
Whilst leaving your process to just reclaim back 17.5% won’t have any legal implications on your business, financially you could be losing out. See the table below to see just how much extra you could gain by implementing an automated solution that accurately calculates how much money you can legally reclaim no matter what VAT rate is currently being enforced.

VAT reclaimable amount

17.5%

20%

You could lose

£50,000

£7,446.81

£8,333.33 £886.55

£100,000

£14,893.63 £16,666.67 £1,773.04

£150,000

£22,340.43 £25,000.00 £2,659.57

£200,000

£29,787.23 £33,333.33 £3,546.10

£250,000

£37,234.04 £41,666.67 £4,432.63

£300,000

£44,680.85 £50,000.00 £5,319.15

£350,000

£52,127.66 £58,333.33 £6,205.67

£500,000

£74,468.09 £83,333.33 £8,865.24

£1,000,000

£148,936.17 £166,666.67 £17,730.50

To learn more about the additional benefits automating your expenses through expenses2010 can do for both you and your business:

Visit: www.expenses-software.com
Complete the contact form: www.expenses-software.com/contact-us-form.html
Call: 01522 881300 and speak to one of our consultants

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New Fuel Rates published by HM Revenue & Customs

Company Cars – advisory fuel rates from 1 June 2010
From the 1 June 2010 the company car advisory fuel rates changed, these figures apply to all journeys on or after 1 June 2010 until further notice.

Engine size

Petrol

Diesel

LPG

1400cc or less

12p

11p

8p

1401cc to 2000cc

15p

11p

10p

Over 2000cc

21p

16p

14p

Click here to see how these figures were calculated

 

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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

30th June

Online

expenses2010 Webinar

14th July

Online

expenses2010 Webinar

28th July

Online

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

www.expenses-software.com

 

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