Avoiding the hidden costs of business
Log on to our webchat for expert advice on handling personal v business costs
Tuesday, 15, Dec 2009 06:00
Companies are cutting expenditure across the board, but according to ttMobiles, the UK's first wireless expense management company, the average company mobile phone bill has £1 in every three spent on personal phone calls - suggesting a loss to UK corporates of over £1 billion annually.
No matter the size of your business, having your staff expenses effectively managed can minimise costs and increase time-efficiency, as less time and resource is needed to perform tax compliance and general expense management.
With mobile phones, for example, while most employers accept that company mobiles or blackberries will also be used for personal calls, choosing the right contract can prevent businesses being hit in the pocket, avoiding problematic staff monitoring and ultimately keeping your workforce happy. Add to this the number of mobile devices that are unaccounted for, the increasing number of home workers claiming for home internet use, clearly businesses need to keep looking closely at avoiding unnecessary costs.
Every employer knows the importance of operating efficiently and continuing growth despite the current economic climate. Joining us on our live and interactive WebTV show are Ian Kay, managing director of London banking at Royal Bank of Scotland, to offer general advice on how best to manage your cash flow and make the most of the financial support that's available; and Peter Readman, director of ttMobiles, to specifically discuss how you can manage your telecoms expenses effectively.
Click here to view the webchat, and visit www.ttmobiles.com for more information