Mid-Market Expense Mgmt Prog (Aberdeen)
Travel and expense management has been spinning on a strategic upswing over the past few years; what was once a traditional back-office function has now become a critical series of processes, that, when executed with a specific set of efficiencies and approaches, can drive tremendous value to the overall organization. Aberdeen Group research from February 2011 has found that travel-related expenses equate to nearly 7% of the average midmarket organization's total budget, a factor which reinforces the need for superior strategies in managing expenses for this sector.
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