BYOD Trends for Business Expense Management

Today, technology and mobile together have become an integral part of our life, especially for business travelers. Many organizations are embracing the BYOD “bring your own device” trend. Nowadays, organizations do implement expense and reimbursement policies that allow employees to use personal devices, instead of relying only on company-issued smartphones or other devices. A recent BTN’s Mobile Migration Survey revealed that around 34% of companies embracing BYOD trend and this is going to become more important trend than ever.

What is in it for you?

BYOD ensures greater efficiency and convenience at every level. Companies found that personal device can boost overall productivity while allowing employees to work wherever they want. Implementing BYOD will reduce operating costs as the number of employees requesting for company’s devices gets reduced. And, there is specific software in the market to merge personal and professional mobile platforms. A solution that combines enterprise mobility management and file sharing eliminates the need to install applications on the personal devices, while allowing you to access applications on your own device.

As every technology comes with its own pros and cons, the personal mobile device also has some issues with respect to security. Integrating both personal and professional platform facilitates flow of information, including confidential information that can be disadvantageous to some businesses. Expense management becomes unclear as employee make purchases with personal cards and expenses via corporate cards. This makes it difficult to track company-based transactions.

Finally, the question is what to consider between private and corporate devices. Apparently, the survey revealed that implementing a mobile BYOD policy ensures greater degree of security and efficiency within the procedures. It is the responsibility of the company to counterbalance technological autonomy and control. However, having a BYOD policy can benefit both businesses and employees.