Second only to payroll, travel and entertainment (T&E) spend comprises the largest business expense. T&E expenses are becoming increasingly difficult to monitor as companies expand across borders and grow through acquisitions. Using automated technology to manage T&E spend is crucial for companies of all sizes when budgeting such a substantial expense.
In an annual expense management trends survey conducted by a U.S.-based software company, leading CFOs and finance professionals shared insight into their current expense management processes, critical areas for improvement and must-have features in an automated system.
