The Essential Guide to Expense Management

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Where Can Automation Take You?

Changeable. That’s one word to describe today’s business landscape. While change presents challenges to businesses, it can also open doors. As a finance leader, your company looks to you to provide strategic insights that drive business performance and growth – in addition to keeping the financial ship on an even keel. However, manual financial processes and disconnected systems may be holding you back. 

Automating your financial processes gives you a clearer view of your financial position so you can better navigate whatever comes your way. The more you know, the better positioned you are to capitalize on moments of change. The ability to make quick decisions and act with certainty in the moment helps you scale for sustainable growth, avoid disruptions, and meet changing employee and customer expectations. Ask yourself these four questions: 

  1. Is visibility into your financial position sufficient to answer any spending question?
  2. Can employees easily find and follow policies to prevent non-compliant business spending?
  3. Are you reclaiming all eligible VAT and GST paid on company purchases? 
  4. Does your team have time for projects that improve profitability and optimize performance? 

If you answered ‘no’ to any of these questions, expense management might be a good place to start– or continue – your transformation from manual to fully automated.  

Download this The Essential Guide to Managing Expenses which can act as a blueprint of what an automated expense solution built on best practices should be. It also debunks a few myths and includes a checklist of features to look for as you research solutions.