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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

Traditional expense management solutions, which only track expenses after the fact, don’t offer the comprehensive visibility into spending and cash flow that SMBs need to effectively run their business. By comparison, modern spend & expense management solutions can provide proactive insights based on real-time data.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

For decades, the many steps and stakeholders in large enterprise purchasing meant procurement teams had to rely on heavyweight, expensive solutions, while mid-market companies either had to adopt one of those overly cumbersome solutions or throw some ad-hoc procedures together to try to control spend. Accounts payable and procurement.

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How Spend Management Beefs Up Bottom Lines

PYMNTS

“Does your business want to improve its spend management?”. Few CFOs would say “no” if asked that question: Spend management is attractive to companies for obvious reasons, as even successful companies face margin pressures. Controlling spend doesn’t have to mean giving employees less capital to work with, said Duvedi.

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Spend under management: The procurement KPI you should be tracking at any stage.

Airbase

This is referred to as spend under management (SUM), and is an extremely useful KPI at any stage Centralizing a decentralized world. SUM is a basic procurement metric that measures the proportion of an organization’s total managed and controlled spend through procurement processes.

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Embracing The Long Road Ahead For Commercial Card Innovation

PYMNTS

Mobile tools not only enable professionals to work beyond the nine-to-five world, but these capabilities provide real-time insight into corporate spend. Managers can identify and assess suspicious transactions almost immediately. In accounts payable, commercial card transactions may not account for much — yet.

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Meet the Brand: Payhawk

Accounting Insight

Introducing Payhawk, the leading spend management solution for scaling businesses. Payhawk is the leading spend management solution for domestic and international businesses throughout Europe, the US, and the UK. The post Meet the Brand: Payhawk appeared first on Accounting Insight News.