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UK businesses more optimistic than EU counterparts about 2021 and  positive impact of vaccine on the economy

 

  • 82% of UK businesses are optimistic about 2021 compared to only 69% in EU countries
  • 31% of EU businesses don’t believe the vaccine will cause economy to ‘bounce back’

 

Global expenses app, ExpenseOnDemand, has published new data highlighting how UK businesses are more optimistic about 2021 being a positive year for business compared to the rest of Europe. 82% of UK business leaders are feeling positive that the year will see an improvement compared to only 69% of their EU counterparts. The data also illustrated that nearly a third (31%) of EU firms don’t believe the vaccine roll-out will cause an economic ‘bounce back’ compared to only 18% of UK businesses.

 

The survey also revealed some interesting global trends with India, Australia and New Zealand businesses currently feel the most optimistic about the impact that a successful roll-out of the vaccine will have on their domestic economies. The EU was the least optimistic region at 31% but was followed closely by the Middle East with 1 in 4 (25%) of firms believing the vaccines will have little impact this year.

 

The ExpenseOnDemand app allows employees to simply and remotely upload and claim business expenses from any mobile device, helping businesses to automate their expenses process in a paperless environment.

 

Sunil Nigam, Founder at ExpenseOnDemand, commented, “This data certainly gives us some interesting trends and insights into how business leaders see the post-vaccine economies around the globe recovering. Overall, the survey paints a very positive picture as the vast majority of businesses are feeling optimistic and are also starting to see an impact as the vaccine roll-out helps reboot economies around the world.

 

It will be interesting to see how these businesses adapt to the ‘new normal’ and what measures they will put in place to manage their current remote workforces. We have been developing our app to make it easier for employees working from home to manage expenses and allowing businesses to automate this process.”

About ExpenseOnDemand

Expense On Demand Ltd was established in 2003 and now has offices in England, Australia, India and Singapore.

 

We provide a world-class online system for managing employee expenses, helping businesses to automate their expenses process in a paperless environment.

 

The ExpenseOnDemand app enables you to claim and approve expenses from your mobile, anytime anywhere. Finance people can log into our portal to make payments, transfer data and download reports. Implementation takes just a few minutes and you can add extra functions at any time to suit your specific requirements.

 

From just £1 per user per month, ExpenseOnDemand is simply fantastic value for organisations with 4 to 4000 employees. Is this the best expenses app in the Universe? Take the FREE trial and you decide

2018