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Airbase ushers in a new era of modern spend management with Guided Procurement.

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It also creates a disjointed audit trail and more manual work to gather information in the event of an audit. As different business units manage their workflows on separate systems, information isn’t visible to anyone outside of those systems. Controllers need to consolidate spend information and create an airtight audit trail.

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A new age: Automated compliance for all company spend.

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Some examples of these policies might include: Finance has clear expense policies in place, including what documentation is required and who needs to approve new purchases. Compliant spending ensures efficient policy adherence, so you can rest assured that any purchase aligns with your company’s budgetary goals and overall spend culture.

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

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Year-over-year consumer spending also rose, suggesting that people have, and trust that they will continue to have, disposable income. So, what’s a finance professional to do? Processes need to support quick pivots and adjustments, especially when it comes to managing company spending. Becoming recession-ready.

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The cost of inaction: An urgent call to upgrade accounting processes.

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But it’s more critical than ever that we not rely on “good enough” processes that cost more, expose us to risk, and place an increased burden on our teams to spend extra hours on manual tasks. The benefits of a better process accrue to both Finance and the total employee population. Set up now for future success.