Across the UK millions of office workers have been told to stay at home to help stop the spread of Covid-19, and seemingly overnight the world of business travel and expenses was a distant memory. Life working from our kitchen tables, via Zoom calls and dodgy wifi, has meant businesses are now seeing a change in expense categories from their teams, as IT equipment replaces office lunches.
Rydoo, a travel booking and expenses app, studied the expenses of 850 companies in the UK, including over 12,000 expenses, and found:
- Expense for software has seen the biggest rise during lockdown with a 28% increase as work teams sign up to Slack, Zoom, Skype and Dropbox
- Expenses for remote working IT equipment has risen by 18% including working from home accessories
- Office equipment expenses has seen a drop by nearly half (45%) as workers set up at home
Overall, the UK has seen a 20% reduction of expenses being logged, with the biggest category drop affecting food delivery services such as UberEats and Deliveroo, as lunchtime treats, client meetings and late night dinners are no more.
With social distancing measures expected to continue throughout the summer, companies across the UK must ensure the processes they use remotely are no longer paper based but digitised as our ways of working change forever.
“The new working reality changes not only what is billed as expenses, but the process involved. Employees who work from home must be able to submit expenses digitallyto ensure the processes are efficient and error-free. Digital billing ensures prompt reimbursement and supports the finance team with automatic category assignment, the implementation of company-wide accounting guidelines and agile adaptation to new working environments.” – Rydoo CEO, Sébastien Marchon.
Rydoo reinvents travel and expense management with no more manual input. The streamlined app and desktop system lets you scan your receipts and submit with just a few clicks, as well as verify your flight information, and check-in and check-out in seconds. Designed to let finance teams approve expenses in real-time with its central billing system, a single invoice made up of all business travel-related expenses is also shared at the end of each month.
Started in 2018, Rydoo reinvents and simplifies business travel and expense management for high-growth companies. With a team of 350 enthusiastic employees, Rydoo operates in more than 60 countries and its 10,000 customers (public and private organizations) benefit from the usability and efficiency of its consumer-oriented app. Rydoo is a Sodexo corp-up: the world Quality of Life leader has developed an emerging type of business collaboration combining the mindset of a start-up and the assets of a large corporation. Rydoo has been recognised as one of the top three expenses management software providers by G2 Crowd, the world’s leading business solution review platform, as well as a top ten solution provider by GetApp, a Gartner company, the first online resource for corporations exploring software-as-a-service (SaaS) products. rydoo.com
Founded in 1966 in Marseille by Pierre Bellon, Sodexo is the global leader in services that improve Quality of Life, an essential factor in individual and organizational performance. Operating in 67 countries, Sodexo serves 100 million consumers each day through its unique combination of On-site Services, Benefits and Rewards Services and Personal and Home Services. Through its more than 100 services, Sodexo provides clients an integrated offering developed over 50 years of experience: from food services, reception, safety, maintenance and cleaning, to facilities and equipment management; from Meal Pass, Gift Pass and Mobility Pass benefits for employees to in-home assistance, child care centers and concierge services. Sodexo’s success and performance are founded on its independence, its sustainable business and financial model and its ability to continuously develop and to engage the commitment of its 470,000 employees throughout the world. Sodexo is a member of the CAC 40, FTSE 4 Good and DJSI Indices. sodexo.com