Tracking and accounting the business expense is no longer an additional function of a business, but is pivotal for the organization's growth and expansion. With the expense reporting becoming more tedious and time-consuming, companies need to negate the use of conventional manual methods to track them and take a more digitized approach to calculate the payment processes. By switching to digital software, multiple organizations are remolding their expense claim workflow, as these systems offer online invoice approvals along with policy-defined asset purchasing and inbuilt as well as customizable expense reports for HR and accounting team. Additionally, advanced expanse management software also enables companies to eradicate human errors and recover tax invoices.
Now, when it comes to tracing a company’s expenses and cash flow, financial visibility plays a crucial role in allowing executives, CEOs, and CIOs in effective decision making, policy formulation, and cost-cutting. Further, organizations are also relying on BYOD (bring your own device) trend to facilitate its employees to work remotely. This also results in reduced operating costs of providing the workforce with the company’s devices. The businesses should hire skilled candidates or solution provider to ensure that the software, as well as the other methods they employ for expense management, is precisely monitored and handled.
Therefore, recognizing that expense management for businesses are imminent for them to attain the maximum hike in their growth, a distinguished panel of CEOs, CIOs, VCs, and analysts along with the editorial board of CFO Tech Outlook have listed the most reliable and proficient business expense management solution providers for the current year. These companies were chosen based on their innovative, unique, and distinct way of delivering expense management services.
We present to you CFO Tech Outlook’s ‘Top 10 Business Expense Management Solution Providers - 2018.’