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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
These companies are now using workforce spendmanagementtools like corporate cards and reconciliation services to ensure both deadlines and client expectations are met. In addition to earmarking production-related costs, the workforce spendmanagementsolutions Sparkhouse utilizes help the company save on bookkeeping expenses.
Too often, however, the reconciliation becomes an afterthought in the spendmanagement process, and can be even more difficult for a company’s accounting department to address if paper receipts get lost. Deep Dive: Teaching SpendManagement in Charter Schools. About the Workforce SpendManagement Tracker.
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