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Are you still getting value from the expensemanagement or bill payment software you purchased a few years ago? Do your users actually use the software? Let’s have a look at why businesses are moving to adopt modern software solutions and where that value comes from. Time to value.
Given recent economic fluctuations, it’s understandable that many SMBs are looking for simple, efficient ways to better understand what is happening with their expenses. Cash flow is tight for many SMBs, and business owners need greater visibility into their cash flow to mitigate the impact of unexpected expenses.
At least those flames are casting light on flawed, outdated (even paper-based) expensemanagement practices, as reported in the latest PYMNTS Workforce Spend Playbook. It’s not as if corporate travel managers don’t get it. Happiness Is SpendManagement. Paper Receipts?
The big action in corporate spendmanagement is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expensemanagement pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. labor force.
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
For a long time, the market has offered point solutions for accounts payable, such as bill payment, expensemanagement, travel software, and corporate cards. These instruments have aided in the automation of workflows for various aspects of non-payroll spending. The implications of spendmanagement for the future.
Manual expense reports remain plagued with pain points for the employees and employers who must file them. It is thus unsurprising that 95 percent of companies are looking to improve their spendmanagementsoftware this year. The Latest Workforce Spend News. Putting AI To Work In SpendManagement.
Introducing Payhawk, the leading spendmanagement solution for scaling businesses. Payhawk is the leading spendmanagement solution for domestic and international businesses throughout Europe, the US, and the UK. Learn more about them before meeting the team at Accountex… What do Payhawk do?
In B2B FinTech, spendmanagement is a greenfield opportunity as innovators explore how to help corporates understand the nuances of how money flows out of the enterprise. Historically, said Airbase CEO Thejo Kote, finance and accounting teams have been forced to work around the friction of a fragmented spend ecosystem.
HR and payroll software solutions provider Paylocity has struck a deal to acquire spendmanagement platform Airbase for $325 million, the companies said in a media release on Sept. Expensemanagement: Proactively request, approve, and reconcile expenses via web or mobile app with real-time reimbursements.
Project managers and construction workers often have to manage their funds, operating budgets and other related expenses themselves, and losing track of any of these components can increase the time to project completion and final costs. A lack of access to spendmanagement tools can add further delays and expenses.
Business expensemanagement company Teampay revealed in a press release a $12 million fundraise led by Tribe Capital, the company said this week. Teampay offers companies spendmanagementsoftware designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement.
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