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“You can start by choosing one primary area of pain and then look for tools that are flexible and that integrate into your accountingsystem,” Bachman told PYMNTS. Businesses can continue to make incremental changes to their expensemanagement without upending their infrastructure that way.”.
In most cases, finance teams will also need help to trace the expenses back to specific purchases or vendors, which is particularly difficult when employees submit multiple expense reports per month or pay period. Why use a spendmanagementsolution like Payhawk instead? Ready to hear more?
Many of the tools that have traditionally been used to track payments and managespending have now fallen out of step with what businesses currently need in today’s digital environment. data entry into our general ledger accountingsystem,” he explained.
The power of automation is changing the way we work, and expensemanagement is no exception. This story might sound familiar if you haven’t yet adopted a spendmanagementsolution that includes Visa corporate cards and expensemanagement software. But how can companies achieve this?
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