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If you really know the music industry , you know that many tour managers and accountants are barely a half-step removed from the glory days of the abacus. PEX, founded by Grant in 2006, offers software-as-a-service workforce tools designed for businesses not typically served by enterprise SaaS spendmanagementsolutions.
Corporate spendsolution providers are working to resolve this by empowering companies to trust field-based workers for making appropriate purchases as needed to complete jobs. With the availability of new spendingtools and greater transparency, the nature of field-based work is shifting dramatically.
Sales are falling as consumers curb their spending, resulting in cash flow crunches that are pressuring businesses to stick to their budgets and pursue innovations. Managing Cash Flows During the Crunch. percent of SMBs with brick-and-mortar presences have delayed payroll payments to alleviate the strain on their finances, while 18.1
Permanent staff members would use personal funds to pay for travel expenses and office supplies during this time, collecting paper receipts to turn in to administrative or finance teams at the end of the month. Parpou said she believes that digital spendmanagementtools have the potential to become long-lasting.
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