Whether you are heading a small business or a Global 1000 company, you know that the information technology landscape in business is changing rapidly. In due time, trends such as mobile computing and the cloud are going to transform everything – from expense reports to annual reports.
One of the biggest changes in technology taking root today is the “Bring Your Own Device” culture. Experts from Pew Research have estimated that more than 90% of American adults have a cell phone and almost 60% have a smartphone. These numbers are correspondingly high in many other developed markets, including Canada and the British Commonwealth.
When it comes to the corporate world, “Bring Your Own Device” is a recognition of two major trends:
— Virtually all successful professionals have a phone that can act as a “mobile command center.”
— Corporate policies simply cannot be specified for everything in such a wide range of devices.
As many businesses migrate to BYOD, the “expense reports” for this move are looking good. There is some cost when it comes to control over the company’s technology landscape, but a premium of efficiency is being realised.
There is, however, one major challenge in BYOD, and that’s security.
BYOD Means You Need Adequate, Adaptable Platforms With Robust Security
With ExpensePoint, we set out to create software for automation of expense reports, including travel expenses, that would capitalise on the emerging BYOD trends. The platform can be used quickly and efficiently from a variety of different browsers and hardware configurations.
That includes all the big names such as Mac, Windows, Android, and the major browsers, like Firefox, Chrome, and Safari – all of which provide a heavy dose of security in their own right.
However, security is the essential challenge when it comes to “Bring Your Own Device.” Staff members appreciate the ability to gather, access, and monitor data from anywhere, but what if their personal device is compromised?
It’s easier than ever to protect your sensitive expense reports and other data under BYOD:
— With a robust system for setting user permissions, you can cut off any compromised user.
— With the highest level of consumer encryption available, hackers will be left in the cold.
BYOD can save companies millions, but as emphasis shifts away from hardware, you must have the right software. If you want to learn whether BYOD is right for you, evaluating your finance practices may be a good place to start.