The Real Cost of BYOD

May 16, 2012 in Industry Stats with 0 Comments

More enterprises are embracing the bring-your-own-device (BYOD) trend, with executives seeing significant benefits in employee productivity and satisfaction while acknowledging the security and support issues for IT staffs, according to a new survey from Cisco Systems.

In its IBSG Horizon Study, released May 16, Cisco officials found that 95 percent of survey respondents said their organizations allow employee-owned devices in some form in the workplace, and that 76 percent said BYOD was somewhat or extremely positive for their companies and challenging for their ITdepartments.

Xigo.com, a cloud-based telecom expense management company, also recently published their findings, on the effects of BYOD, in the form of an infographic:

The Real Cost of BYOD [Infographic]
© 2012 Xigo

Expensify Trips: Track your itinerary from your expense report

May 8, 2012 in Industry Expert, Travel with 0 Comments

By: David Barrett, Founder and CEO of Expensify

You can follow David and Expensify at, @expensify

Most travel is booked online, and the email receipt has both purchase information and itinerary details.  But don’t you hate forwarding those receipts twice: once to Expensify to get reimbursed, and once to <insert competitor here> to track during the trip?  No more!

Just forward your travel docs to receipts@expensify.com and we’ll not only get you reimbursed after the trip, our mobile apps will now organize your itinerary DURING your trip.  After all, travel and expense are two sides of the same coin: your travel itinerary is just an expense report begging to be submitted.  Why use two apps when you only need one?  It works like this:

  1.  Book travel online, as normal — Orbitz, Kayak, or wherever your usually book.
  2. Forward the confirmation email you get to receipts@expensify.com
  3. Watch the trip details appear in the “trips” screen on the Expensify app (iPhone, Android, BlackBerry, Windows Phone).
  4. 4 hours before your flight you’ll get an email travel update.
  5. Open the app and the next itinerary action is highlighted on the dashboard for instant access.
  6. Enjoy your trip!
  7. After you get home, another email will tell you your expense report is ready.
  8. Finish your report in one click: all your travel receipts are there, purchases imported off your credit card, and receipts SmartScanned.
  9. Click Submit; you’re done.

It all seems so obvious in retrospect.  But it only occurred to us to do it when we noticed while optimizing our SmartScan system that so many of our receipts are already travel itineraries.  Everything we’re doing here is with data we already have; we’re just repacking it up in a new way to provide a ton more value.

It doesn’t cost anything extra, there are no ads, and you needn’t upgrade to some premium plan — just keep using SmartScan like you already do (free for 10 receipts/mo) and this massive new feature comes along for the ride.  Just one more way Expensify is getting a little better, every day.  Give it a shot — you’ll never travel the same way again!

Correction: SumTotal Acquires CyberShift

April 26, 2012 in General with 0 Comments

The July 15, 2011 post “SumTotal Acquires CyberShift” contained an error in stating SumTotal acquired Certify in parts of the post. SumTotal acquired Cybershift not Certify. Below is the corrected post.

On July 7th SumTotal, one of the leading Human Capital Management providers, announced the acquisition of CyberShift in an effort to enhance their workplace solution offering.  Traditionally categorized among the leading providers of expense management solutions, Cybershift has a great reputation, product and client base.  The acquisition of Cybershift, along with payroll provider Accero, should provide a boost to SumTotal’s strategic plans in enabling an end-to-end solution to their HCM clients.

A senior executive from a CyberShift competitor says, “The importance of integrating expense management with key workplace solutions can not be underestimated.  A number of acquisitions and partnerships over the last year have solidified expense management as a critical component of an end-to-end employee workplace solution strategy.  The HCM’s, HR, Payroll and Credit Card companies that have identified this need and have taken action have gained an enviable advantage throughout the industry.”

Read the official press release here:

http://www.sumtotalsystems.com/accero-cybershift/

T&E as a Strategic Internal Function

April 17, 2012 in General with 0 Comments

The results are in for the T&E Expense Management research study by Aberdeen Group. Conducted in January and February 2012 of 140 enterprises, the report tackles the expense management category to help organizations implement the necessary strategies and solutions for driving down expense-processing costs and improve corporate policy compliance.

The study found the next generation of T&E solutions feature the best-in-class pillars of expense management including cloud, analytical, mobile and integrated capabilities and processes.

Top-performing enterprises in the report showcased superior performance across a number of key metrics. Key performances of the Best-in-Class enterprises included:

• 60% lower expense-processing costs than all other organizations

• A 43% higher rate of business travel spend under management

• A 31% higher rate of corporate policy compliance.

The report also highlights the continued need for companies to continue to pursue the latest in technology including mobile applications. According to the report Best-in-Class companies are 56 percent more likely than Industry Average organizations to utilize end-end expense management solutions and 27 percent more likely to use mobile travel and expense applications/mobile-optimized web portals.

The full report is being offered for free on the Aberdeen site for a limited time: Aberdeen Library

 

New Aberdeen Group Expense Management Survey

January 18, 2012 in General with 0 Comments

Each year, the Aberdeen Group publishes one of the most comprehensive research papers on the state of expense management.  I would encourage all readers of ExpenseMatters to click on the link below and fill out the survey.

Expenses related to travel and entertainment (T&E) account for nearly 7%-to-10% of the average company’s overall budget. Aberdeen’s upcoming research study aims to tackle the expense management category and help organizations implement the necessary strategies and solutions for driving down expense-processing costs and improving corporate policy compliance. The new study will also highlight the benefits of cloud-based solutions and mobile applications, as well as the proper level of analytics and reporting required to drive strategic value from the modern expense management program.

Each respondent who answers the survey will receive a complimentary full copy of the report containing this study’s results (a $399 value). Individual responses will be kept strictly confidential and data will only be used in aggregate.

We greatly appreciate your participation in this research effort and look forward to sharing our findings with you.

 

 

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