It’s Novembrrr! Chilly Outside, Expense Management Trends Inside

Hi and welcome back to The Expense Newsletter!

November is here and so is the winter chill. That's why we’re here to keep your financial game warmer than ever!?

Last month, we kicked things off at #TheExpenseSummit2024. It was a gathering of finance leaders, tech innovators, and expense experts from all over the globe, sharing their wisdom.

Every session was packed with fresh ideas on how companies today can stay ahead in FinTech, expense management, automation, sustainability, and more.

Couldn't make it? No worries! You can dive into the full summit here or catch the highlights below. ??

Trending tech

"Trends in Corporate Finance: From Expense Management to Smart Spending" with David Parker and Bas Janssen

David Parker and Bas Janssen discussed the latest trends, including AI, sustainability, and real-time payment solutions.

Their insights covered:

• How AI tools now flag non-compliant expenses instantly
• How carbon tracking can support corporate sustainability goals
• The benefits of centralising financial data for strategic decision-making

“Expense management can become an employee benefit if it's done well.” - David Parker

If you’re interested in how finance and HR can collaborate to enhance employee experience, you’ll want to dive deeper into this session.

?? Explore trends in corporate finance

Travel & expense insights

"Automating Travel & Expenses: The Corporate Card Advantage" – Expert Panel Discussion

How can companies make expense management effortless??

Our panel of industry leaders, Koen Stam ( Personio ), Christian Elsaesser ( Egencia ), Gijs Swaans ( expenseBrain ) and Sofie Boon ( Mobilexpense ) explored the corporate card advantage.

They shared insights on:

• Real-time data for compliance & sustainability: Corporate card data allows real-time tracking of expenses and CO2 budgets.
• Flexible controls: Virtual and physical corporate cards allow spending controls that balance flexibility with compliance.
• Data-driven insights: Real-time visibility empowers finance teams to optimise budgets and refine expense strategies based on spending patterns.

?? Watch the panel discussion

Compliance corner

"The Key to Compliance and Efficiency in Expense Management" with Julien Le Terrien

Julien Le Terrien’s experience at Mobilexpense has reshaped customer-centric support in finance. He discussed the three essentials for employee engagement in expense management:

1. Clear policies: Well-defined policies can improve compliance by up to 30%, reducing time and resources spent on clarifications and corrections.
2. Continuous training: Ongoing employee training ensures efficient use of tools and processes.
3. Centralised tools: A flexible, centralised tool that offers local autonomy but maintains consistency is essential.

If you want to see how thoughtful engagement strategies can drive compliance, Julien’s approach is a must-see.

?? Discover Julien’s approach

Extra pennies

"Diversification: The Key Ingredients for Financial Innovation" with Raj Hayer

Raj Hayer, a visionary and TED speaker, discussed how diversity drives innovation.?

Raj explained how varied perspectives lead to more creative, inclusive solutions and how trust-building and transparency make teams more cohesive and productive. Her session showed that diversity isn’t just a nice to have; it’s essential for competitive advantage and resilience.

“Inclusive teams have the potential to reduce financial risk and improve project outcomes." - Raj Hayer

Curious about how inclusion can enhance financial strategies?

?? Learn more from Raj

More resources

• What is E-Invoicing? Full Guide with Regulations and Compliance
• Getting Started with Digital Transformation: How to Go Paperless
• How to Cost Control in Project Management: Billion Dollar Budgets
• The Meaning of Per Diems and Examples for DE, BE and UK 2024