The biggest concerns with organizations today is ever increasing expense. The top five line item spends include telecom, utility and travel and only few organizations know what they spend, on which products, or with which suppliers. Expense management thus has reached at a level where organizations consider it critical to bolster their bottom line growth, improve supplier and customer relationships, and compete with worldwide marketplace.
AberdeenGroup states that “41% of organizations perceive Expense Management as a function that is just as critical as other internal departments”
Expense management and analysis provides foundation for organizations seeking to make better and more informed decisions with significant cost and operational benefits.