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Spend Management is the Next Focus for Client Accounting Services

CPA Practice

Accordingly, spend & expense management is an area with significant growth potential for accounting firms — particularly those looking to jumpstart their CAS practice. In fact, half of SMBs report that they struggle with inaccuracies in their current expense management solutions according to survey data.

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Deep Dive: How Firms Can Avoid Costly Mistakes Come Tax Season

PYMNTS

A significant number of firms — notably small- to medium-sized businesses (SMBs) — still use such systems, as 25 percent of smaller firms stated in 2018 that their payroll involved pen-and-paper methods. Automation could limit employee fraud, as the software will log and categorize employees with expense purchases.

Tax 56
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The Emerging Spend Management Sector: Simplifying Your Accounting Processes

Speaker: Spencer Falbo, Principal at Kong Basile Consulting

These instruments have aided in the automation of workflows for various aspects of non-payroll spending. A Spend Management Software that consolidates all expenditures onto a single platform and automates many of the workflows associated with spending company funds. The solution?