We all worry about spending money on products that don’t add value and no one wants to be
ripped off, particularly when it comes to business.
To help you understand how much Expensemate can save you, this article includes an
interactive calculator so you can see exactly how and where our solution can save you
More Expenses Means More Money Saved
Expensemate can save you more money if you process a lot of expenses. One way it helps you
to save money by tracking expenditure in real-time.
Expense claims per month
Expense fraud is a serious issue and preventing it is one of the primary benefits of using
an effective expense management solution. Employee expense fraud costs UK businesses
around £2 billion per year according to the Global Payroll Association in 2018.
Many companies wrongly believe that implementing a corporate card system will open their
company up to fraud. The truth is that fraud is significantly more likely if you are using
a manual expense system.
One in ten UK employees who use manual expense systems admit to submitting false claims
"all the time" and one in five do so "irregularly".
Fortunately, Expensemate provides real time data visibility on spending and an integrated
card system which makes it incredibly challenging to create false claims, reducing the
value of fraudulent claims in your business by up to 75%.
We estimate there are £225
fraudulent claims per month. Expensemate can reduce this by around 75% and save you
Another benefit of capturing receipts is that your business will be able to reliably claim
back VAT. Many businesses rely on employees to keep their receipts, only for the receipts
to be lost either on paper or in the depths of an email chain or group chat.
Making sure that receipts are captured and stored immediately means that you can claim
back VAT on company expenses.
Ultimately, the more your employees spend the more money you will save if you use a proper
expense management solution.
Processing all missing receipts would save you £209
No More Expense Reports
Implementing our expense system means that your workers can spend their time on what
matters, instead of logging expense reports and bringing receipts into the office.
Expensemate found that a field-based worker who submits 10 receipts on average per month,
will save an hour of admin for every reporting period. Which means that your sales
executives can spend longer closing deals to hit their monthly target.
Hourly wage of field based staff
Number of expense claims per employee
£0 in wages saved per employee
Save Finance Workers Time
Saving your field-based workers time is just the tip of the iceberg. According to the
Global Business Travel Association, 19% of expense reports have errors and it takes an average of 18 minutes to correct
To save your finance workers time chasing employees, Expensemate prompts users to capture
their receipts and includes an integrated approval process so that the audit trail is in
Our platform also integrates with your accounting software and automates low value
bookkeeping tasks. When you use our platform, you will be able to close your books four
times faster than you would using a manual expense process.
It means that finance workers can spend more time on what counts like cutting wasteful
spending and creating accurate projections.
Hourly wage of finance team member
Hours taken to process expenses
£0 in wages saved per finance employee
The Value of Expensemate
Expensemate could save you £378 per month
Everything You Need in a Single Package
Everyone wants to know what they are getting for their money when they decide to invest in
a new product or service. Expensemate allows you to discourage expense fraud, reliably
reclaim VAT and save on staff time and wages.
It also allows your finance workers to focus on what matters. The more expenses you
process, the more you can save with Expensemate.
You get so much more than corporate cards and access to our app and portal for as little
as £7 a month per card. When you use our system, you benefit from dedicated customer
support, a simple expense package that covers all the basics and affordable credit to help
your business grow.
Thanks to Expensemate’s development team you will also have access to emerging new
features without any extra cost. All of this comes with no hidden fees, the ability to add
employee spending limits and total cash transparency. To put it simply, Expensemate offers
you everything you need to properly manage your business expenses in an easy-to-use
package so that you can upgrade your business.
Put Expensemate to the test and start your 30 day free trial today.
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