Sanjay Parekh, MD at WebExpenses, talks about – - The Break-up of the Eurozone - How cloud technology could help multinationals adapt to an unpredictable financial future WebExpenses is an award winning provider of web-based expenses solutions software serving customers across a diverse range of industries and sizes. WebExpenses was set up to offer a simple, innovative solution to the often manual and time consuming task of managing expenses. Trusted by over 300 clients and used by thousands of employees in more than 60 countries, WebExpenses’ award winning expenses solutions processes £millions in travel and entertainment (T&E) spend a year. Customer implementations range from small organisations with a handful of users to those with several thousand users scattered across multiple divisions across the globe. Delivering rapid ROI, WebExpenses helps organisations increase efficiency, control employee spend and drive down operational costs.

2. Sanjay Parekh, MD at WebExpenses, talks about –
 The Break-up of the Eurozone
 How cloud technology could help multinationals adapt to
an unpredictable financial future

3.  Businesses must now start preparing for a fragmentation
of Europe
 Nicholas Sarkozy’s warned that “never has the risk of
disintegration been greater”
 David Cameron’s dramatic veto and Ireland’s vow to hold a
referendum on proposed moves towards fiscal union, now
make Euro break-up a real prospect
 Even if the euro survives, several of its current members
may well be forced out

4.  Once, these businesses had the advantage of harmonising
the management of payroll, tax and expenses systems
across one currency bloc, with one set of Treaty obligations
 Now they may have to centrally manage & monitor
payroll, tax and expenses-systems across an array of
newly-fragmented currency zones
 With heavily-regulated UK businesses losing an estimated
£6.8 billion a year due to outdated paper-based payroll
admin systems, a euro break-up will dramatically increase
the red-tape overload

5.  Cloud technology helps in cost savings and scalability
 Its flexibility and the ability to quickly respond to and
incorporate changes and updates is very critical
 Cloud-based software can be centrally altered to include
“out of the box” updates; allowing multinationals to rapidly
adapt to regulatory or currency changes affecting local
divisions
 Companies using SaaS can customise their expenses &
payroll management for international divisions and tiers of
employees across a vast range of currencies, policies and
rules

6. Contact Us –
 Website – http://www.webexpenses.com/
 LinkedIn – http://www.linkedin.com/company/WebExpenses
 Twitter – http://twitter.com/WebExpenses
 Facebook – http://www.facebook.com/WebExpenses
 YouTube – http://www.youtube.com/user/WebExpenses