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It’s rightly said, “You can’t cut your way to growth, but you can cut your way to survival.” With the COVID-19 pandemic disrupting the entire business landscape and transforming how people spend their money, organizations must apply intelligent expense management to sustain within limited resources and attain their desired goals. Employee spend, formerly company-controlled, has…
Tag: spend management platform
5 Major Hidden Costs of Manual Expense Management
Expense management, in most organizations, brings to mind spreadsheets or email-based reporting. While this seems streamlined from the outside the work, it remains complex and tedious. Multiple steps, cross-checking at every level, authority sanctions, and cross-department forwarding are only some processes eating into the company’s person-hours. Manual expense management is very costly in terms of…
