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Approval milestones can therefore be as simple or complex as required, but the user experience remains intuitive, and the spend stays compliant. Guided Procurement as a game changer for modernspendmanagement. With Guided Procurement, Airbase brings spendmanagement to the next level.
Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. It also places an undue burden on managers and the finance team when they are forced to “police” employees to make sure spend requests are compliant.
Year-over-year consumer spending also rose, suggesting that people have, and trust that they will continue to have, disposable income. So, what’s a finance professional to do? Processes need to support quick pivots and adjustments, especially when it comes to managing company spending. Becoming recession-ready.
But it’s more critical than ever that we not rely on “good enough” processes that cost more, expose us to risk, and place an increased burden on our teams to spend extra hours on manual tasks. The benefits of a better process accrue to both Finance and the total employee population. Set up now for future success.
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