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Changing The Conversation: From Spend Management To Margin Improvement

PYMNTS

The rise of the gig economy and the popularity of remote work are among the factors that are laying bare the need for better spend management systems and technology. The immediate goal is to move such spend management systems for field technicians away from their reliance on cash and checks.

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

Airbase

In addition to time savings, the visibility and control that a spend management system gives are required to reduce unnecessary, unplanned, or rogue spending. The impact can be dramatic: Healthcare network Doximity estimates the move to Airbase saves their finance team 60 hours each month.

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Analyze, align, automate: How to optimize financial systems.

Airbase

Typically, we end up with disparate systems.” He added that many clients introduce a consolidated spend management system to resolve those issues and improve collaboration. Optimizing systems and processes through consolidation has far-reaching implications across a company.

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Leading analyst IDC recognizes innovation in procurement solutions.

Airbase

Controller Eoin Hession confirms the importance of usability: “Airbase is an impeccably streamlined, user-friendly spend management system designed for all employees. They really enjoy using the system.” Airbase customer Medely is an enthusiastic user of Guided Procurement.

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

Airbase

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.

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SMB Spend Management Revs Up For A New Decade

PYMNTS

Of course, challenges abound when it comes to deployment of such expense and spend management systems. The manager or owner of a small business needs to believe there is a benefit to changing,” he said, “that change will will produce a solid ROI. If you cannot adjust controls on the fly, then you have a big problem.”.

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Barclaycard On Everyday Spend Management And The Digital Shift

PYMNTS

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 spend management tools have the potential to become long-lasting.