Manual expense reporting, involving paper receipts, dreary expense report assembly, and lengthy approval workflows, has always been a challenge for business professionals today. Moreover over the last three decades, substantial developments in globalization, the internet, and mobile technology have changed the business requisites worldwide— further complicating the expense reporting process. Organizations should implement automated, integrated, end-to-end travel and expense management solutions can reap the benefits of time savings, increased visibility, and better reporting.
The advancements in artificial intelligence (AI), machine learning, and big data offers the next wave of cost savings and efficiency improvements, delivering actionable intelligence and automation and making it easier for everyone in the organization to comply with expenses policies and procedures. Nowadays, organizations are implementing expense and reimbursement policies that allow employees to use personal devices, instead of relying only on company-issued smartphones or other devices. Developments in these spheres call for organizations to seek a better quality standard reporting, which is essential to keep track of their employee purchases and expenses via corporate cards and company-based transactions.
To lend better perspective on the business expense management space, we have examined the cream of the business expense management solution providers, who are at the bleeding edge of the arena. The prized panel of CFOs and analysts on CFO Tech Outlook’s editorial board have dissected the industry and recognized the key players in the business expense management domain.
With this in hindsight, we proudly present you CFO Tech Outlook’s Top 10 Business Expense Management Solution Providers - 2017.