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Navan, a major provider of travel and expensemanagement reporting, has launched the Navan Accountant Console, a centralized dashboard that streamlines spendmanagement for accounting firms supporting multiple clients, users, and products. This speeds up month-end close and ensures accurate, compliant financial records.
Airbase, a spendmanagement company looking to consolidate a range of expensemanagement processes for organizations, has announced new funding for its technology. In an interview with the publication, Founder and CEO Thejo Kote described the firm as “the first all-in-one spendmanagementsystem.”
Simon Barker , CEO of Conferma Pay, recently spoke with PYMNTS about the outdated nature of many spendmanagementsystems. As those systems were once centralized in physical buildings, the challenge in the pandemic era is adapting them to fit the new digital work-from-home mode.
The big action in corporate spendmanagement is travel and entertainment (T&E), where the 800-pound gorilla has long been Software-as-a-Service (SaaS) goliath, SAP Concur. billion expensemanagement pie), a group of competitors has merged into a new company to challenge SAP’s category dominance.
Such systems may have gained popularity during the pandemic, yet according to Maria Parpou , Barclaycard ’s chief product officer, these innovations are poised to outlast the public health crisis that made them necessary. Parpou said she believes that digital spendmanagement tools have the potential to become long-lasting.
When it comes to solutions, the latest Workforce Spend Playbook , a collaboration between PYMNTS and Bento for Business , is a compilation of the best spendmanagement approaches currently available. Businesses can continue to make incremental changes to their expensemanagement without upending their infrastructure that way.”.
The following Deep Dive highlights how workforce spendmanagementsystems, predictive maintenance and enterprise resource planning (ERP) solutions can take away field-based workers’ financial woes, enabling them to focus on their jobs instead.
Of course, challenges abound when it comes to deployment of such expense and spendmanagementsystems. Things are slowly turning, with awareness of the benefits of new and digital and mobile-focused expense and spendmanagementsystems growing.”. SMB Challenges.
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