IT industry news: Companies 'can use smartphones to manage accounts'

07:23 27th April 2011

Smartphones could serve as a helpful tool for businesses to manage their accounts in an efficient and simple way, according to Lawrence Gold, presenter of the BBC's Bank of Mum & Dad.

He said that having the appropriate system set up would allow employees to submit all expense claims promptly, and would also allow company bosses keep tabs in a more efficient manner of their cash flow.

"As an employer myself I want people to claim back for two reasons: managing my accounts simply and effectively - I want people to claim back as quickly as possible so I can manage my cash flow – and if secondly, if they claim back correctly I know exactly where the expenses are going and what I need to do or if I need to increase budgets in certain areas," he said.

His comments emerged as research by Concur revealed that a fifth of employees waste as much as £270 on expenses they don't claim back, with nearly 50 per cent of these saying they don't want to go through the hassle of claiming them back.

Posted by Derek Oldman

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