Blog overview
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Simplify the claims process and give responsibility back to employees for more financial control.
The industrial sector faces a major challenge. Because how can you continue to innovate, run a sustainable business while attracting and facilitating suitable employees? Go for sustainable financial leadership now.
Sustainable leadership: from trend to business
In the manufacturing industry, prices and delivery times are under pressure and volatile raw material prices make a look into the future uncertain. All industrial sectors revolve around innovation, transparency and sustainability. Business processes are becoming more digital and sustainability is climbing higher and higher on the governance agenda. At the same time, the industry is struggling with the lack of suitable staff and the resources to best support existing employees with business expenses, among other things.
What kind of staff is the industrial sector looking for?
Industry anno 2019 requires digital-minded staff, tech-savy people who navigate different types of software with ease, but also realise that the company is doing business sustainably. New software makes tracking and tracing deliveries and materials more insightful. This reduces error margins and also makes a company more agile in unexpected situations. First and foremost, innovation simplifies bureaucratic processes and ensures time savings and reliability of production and data. Examples include optimising production processes to better predict when maintenance is needed.
Be a facilitator and simplify processes for sustainable leadership
SimpledCard provides companies with visibility and control over their project administration and saves the finance department time and money. Companies can issue payment cards themselves and budget them. In doing so, they realise sustainable financial leadership. Finance managers, as well as project leaders, have real-time insight into their team's business expenses and keep a grip on project administration. Think of maintenance engineers who are on the road, project managers who travel a lot and sales staff who incur expenses both at home and abroad.
Facilitate employees in project teams
Industrial companies, but also, for example, construction companies, working with project teams which sometimes consist of more than 100 people. A large (foreign) project involves various business expenses. Think, for example, of unexpected material costs, but also costs for lunch, car rental and hotels. Sometimes temporary staff are hired who also want to declare the necessary expenses. The manual processing of declarations and (foreign currency in) cash is very labour-intensive and because of the delay, the finance department regularly gets unpleasant surprises due to lack of real-time insight into cash flows.
Industry demands sustainable financial leadership
Put sustainable financial leadership first. Organisations do not want to burden their employees with the risks of cash, unnecessary paperwork, cluttered project administration, shoeboxes full of receipts and their manual handling. Because if anything can be changed quickly and efficiently in the industrial sector, it is the way employees administer business expenses. This saves the finance manager valuable time and allows him or her to focus on what really matters: business control. Because in a challenging market, one needs to be able to move quickly.
SimpledCard is happy to think with you about a total solution within your organisation. Request a short online demo and see for yourself why our customers choose SimpledCard or call +31 20 - 4200 287 for more information.
