It used to be a lot harder to spend money. With only a few options for booking travel or making business purchases, employees tended to stay within corporate guidelines – simply because there were fewer alternatives around them.
These days, it’s a lot harder to control what’s being spent. Employees, contractors and anyone who needs to travel for work or buy something on behalf of the business has more options than ever – many of which are literally in the palm of their hand.
In many organizations, the current system of cost containment can’t account for (or keep up with) how spending actually happens in today’s modern, mobile, continually evolving world. Nor can it contend with how employees want to buy and track their expenses.
And that can leave you and the rest of your leadership team chasing after travel, expenses, and invoices instead of controlling it all in the first place. There has to be a smarter way.
Well, what do you know? There is a smarter way: The Intelligent Enterprise.
Every finance leader wants to keep spending under control, keep up with current technologies and, to be honest, keep the lights on. But doing so doesn’t require you to be “smarter” than your rivals. It requires your systems to use data better and be more intelligent.
Intelligent tools – such as machine learning, artificial intelligence and IoT – make this possible by giving you visibility, focus and agility in regard to spending.
- Visibility: Connecting and collecting data that was previously siloed and using it to recognize unseen patterns.
- Focus: Seeing where spend is happening in time to do something about it.
- Agility: Responding faster to change and turning toward the best business outcomes.
These emerging and amazing intelligent technologies put you in full control of spending. You’ll be able to track spending in key categories, spot higher-than-normal spending and capture out-of-policy behavior – freeing time to focus on other efforts, like steering the company.
You can’t control what you can’t see, and intelligent technologies give you the lens
For a closer look at the capabilities of these technologies, download The Intelligent Enterprise: Changing the Face of Business, which outlines how to see and stay on top of spend.
In it, you will learn how putting intelligence to work can:
- Unify spending views.
- Improve compliance.
- Optimize the employee experience.
- Provide flexible, scalable tools.
- Protect employees while traveling.