Organizations have been automating employee spend processes such as expense, travel, p-card spend, and invoice, for decades. So what’s encouraging companies to look beyond automation now? They are realizing that employee spend data is often dispersed, falls outside of formal programs, and is hard to track, which means they are failing to get true visibility of employee spend data across the enterprise.
This lack of reliable, consistent data with advanced reporting is leaving them vulnerable to enterprise risks. You may have been able to get by thus far with spend management solutions that are less than ideal. Partially automated solutions or free tools that are included with your ERP are quickly becoming inadequate due to evolving trends in the marketplace, ultimately exposing your organization to risks and creating a technology void you won’t easily be able to overcome.
So what might happen if you don’t take action now?
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