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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

This is why we’re seeing intake solution providers adding accounts payable automation to their offering. At the same time, the business environment became increasingly difficult to manage, with a greater emphasis placed on cost control, which raised the bar for all procurement solutions. They really enjoy using the system.”

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Will there be a recession? How spend management improves agility in the face of uncertainty.

Airbase

Accounting automation improves efficiency by eliminating expensive time-consuming manual tasks. The impact can be dramatic: Healthcare network Doximity estimates the move to Airbase saves their finance team 60 hours each month. One study found that 80% of early-stage companies currently have less than 12 months of runway.

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

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Traditionally, this meant largely unmanaged spending since companies were never sure how much was put on cards. As a result, they lacked real-time control over that spend. There are different definitions of spend under management. The most narrow refers to the percentage of strategic purchases with a negotiated price.