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Plugging Expense Leaks With Spend Management Solutions

PYMNTS

But there are other types of unwanted friction in finance. Big corporations and small to medium-sized businesses (SMBs) all struggle with expenses, and must address leaks and mishaps before they become accounting nightmares. That’s one of many familiar scenarios where spend management is having a massive impact.

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What is vendor management and why is it important?

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Vendor management is an integral part of financial management, enabling companies to control costs, mitigate risks, streamline operations, and maintain a healthy supply chain. By effectively managing vendors, finance teams can significantly contribute to the overall financial success of their organizations.

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Barclaycard On Everyday Spend Management And The Digital Shift

PYMNTS

Permanent staff members would use personal funds to pay for travel expenses and office supplies during this time, collecting paper receipts to turn in to administrative or finance teams at the end of the month. That series of processes was the norm before the pandemic. Going Digital To Stay Remote.