CFO’s Guide to Cloud Expense Management Software

Expense management is an important process for businesses of all sizes, but few executives consider the lost time and labor associated with manual expense management processes. With 47% of businesses having switched to cloud-based systems, it’s clear that executives have an increased interest in the efficiency, visibility, and control a cloud-based system offers. Through the use of mobile app receipt parsing, automated expense report creation and submission, and travel policy restrictions, T&E spend can be managed more quickly and accurately. Policy violations and duplicate expenses are reduced significantly, with an average annual savings of $40,000. The entire company benefits from the automated process, from the traveling employee to the accounting team, creating a smoother, simpler process. Automation is the key to increased productivity, T&E budgetary controls, and value addition.


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