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You’re likely focused on getting maximum value for any expenditure — a higher ROI and greater impact — which is exactly what modernspendmanagement solutions can provide. Let’s have a look at why businesses are moving to adopt modern software solutions and where that value comes from. No-code configurations.
Once they figure out where and how to make a specific type of request, employees are often asked to provide further details, such as legal, tax, security, and budget information. As a result, one spend request typically involves conversations across many different channels and business groups. Meeting stakeholders where they live.
Legal has requirements for certain conditions in the contracts that you enter into. Policies protect against: Fraud and unnecessary spending. Losses from badly worded legal agreements. IT requires SOC reports for new software vendors. Procurement has guidelines on preferred vendors and pricing for certain purchases.
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