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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 modern spendmanagement solutions can provide. Let’s have a look at why businesses are moving to adopt modern software solutions and where that value comes from. Time to value. No-code configurations.
At least those flames are casting light on flawed, outdated (even paper-based) expense management practices, as reported in the latest PYMNTS Workforce Spend Playbook. In the age of platforms, more firms are consolidating expenses into dedicated solutions that address worker complaints and bring new transparency to spendmanagement.
Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. Given the success of CAS for many accounting firms, card-based spend & expense management services can offer them the next frontier of growth.
An employee could buy a software product that creates security risks, for example, or a company could waste thousands in duplicate subscriptions. Despite the influx of spendmanagementsoftware products, all designed to make employee spending easier to manage, many of these gaps remained.
Speaker: Spencer Falbo, Principal at Kong Basile Consulting
A SpendManagementSoftware that consolidates all expenditures onto a single platform and automates many of the workflows associated with spending company funds. In this webinar Spencer Falbo, principal at Kong Basile Consulting, will teach you: How to incorporate spendmanagement into your existing workflows.
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 expense management pie), a group of competitors has merged into a new company to challenge SAP’s category dominance. Follow the AI Money.
Invest in financial and spendmanagementsoftware to improve efficiency, compliance, and accuracy. This allows for better visibility into financial contracts, including leases and software subscriptions, the automation of routine tasks, and advanced analytics and predictive capabilities.
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?
Silicon Valley- and Paris-based Ivalua, a spendmanagementsoftware company, has secured growth equity minority funding from KKR, a leading global investor. According to a press release , the funding will be used by Ivalua to realize its ambition of becoming the global leader in the spendmanagement market.
Spendmanagementsoftware company Coupa first grabbed headlines when it entered the Unicorn Club following its $80 million investment round last year. By targeting larger enterprises with its spendmanagement solution, Coupa places itself squarely against top rivals like Salesforce and Oracle.
Cloud-based spendmanagementsoftware company Coupa posted losses in its Q2 FY18 report on Wednesday (Sept. million, the spendmanagementsoftware company revealed. “Q2 In January, the company also announced plans to acquire Spend360, a data management firm specializing in corporate finance and procurement.
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.
It is thus unsurprising that 95 percent of companies are looking to improve their spendmanagementsoftware this year. The Latest Workforce Spend News. Developments in the expense management world are heating up. Putting AI To Work In SpendManagement. Learn more in the Tracker’s Feature story.
Inaccurately reporting or managing deductions can have dire consequences for SMBs, as many lack the resources to weather fines from state or federal financial authorities. Automation could limit employee fraud, as the software will log and categorize employees with expense purchases.
Corporate spendmanagementsoftware company Coupa has made its first takeover since going public last year. firm that provides digital data management solutions, including data analytics, using machine learning and artificial intelligence, for corporate finance and procurement teams. The company announced Tuesday (Jan.
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. The deal is being funded by borrowings under Paylocity’s revolving credit facility. Canada, India, and the Philippines.
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.
Teampay offers companies spendmanagementsoftware designed to manage procurement and employee spend with a focus on the employee user experience and company policy enforcement. Teampay plans to use the money to focus on product development and team growth within the U.S.,
But as procurement become automated and accelerated, industry experts at eProcurement and spendmanagementsoftware company eRequester say it must also be transparent.
Heres a big list of 50 tactics you can use to help manage your costs: Financial Planning and Cash Flow 1. Implement spendmanagementsoftware (e.g., Ramp, Bills Spend & Expenses) to enforce budgets at the employee or vendor level and gain real-time visibility into cash flow. Workspace and Workforce 27.
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