How Companies Can Control Travel and Expense Costs Better
Automating manual tasks is an opportunity for companies that benefits all stakeholders. Here's how finance teams can make traditional expense management a thing of the past. T&E, which stands for travel and expense, is the second-largest controllable cost for businesses and an important driver of growth. But despite its significance, most companies have ignored implementing efficiencies — which costs real time and money. In a 2020 survey from Forrester, 85% of respondents from large enterprises reported that their businesses didn't have a cloud-based solution for travel and expense manage...
Source: businessinsider.com