Business management after COVID-19

Covid-19 has brought about many changes into our personal lives and into the world of business. We have all had to adapt to the so-called new normal. This is reflected in the increase in investment in digital mechanisms and new software, resulting in companies and our society in general undergoing the digital transformation at a much faster pace. Business expenses, therefore, have changed considerably, reducing travel and meal expenses and increasing hardware and software costs. Pleo is a fintech start-up specialised in the management of business expenses, it has identified 5 key post-Covid management trends followed by companies.

The first trend is a reduction in expenses incurred by online meetings. Travel and business meeting expenses have been reduced by 78%. Secondly, there has been an increase in expenditure on telematics resources, which has led to a 193% increase in expenditure on telephony and internet. Thirdly, the increase in spending on software (34%) and hardware (8%). Fourthly, Pleo points to the demand for new employees with STEM (Science, Technology, Engineering and Mathematics) profiles. Finally, work flexibility has made employees feel more comfortable in their work, which has brought about variations in business costs.

Fintech specialists have become more important than ever as companies seek people who can help them manage their finances in the digital transformation process. For this reason, at IoT DIH we collaborate with the University of Salamanca in its Master's Degree in Fintech, helping students do their internships in the companies of our conglomerate.