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The Benefits of Moving to Automated Expense Management

  John W. Braine, Partner, CFO Edge, LLC  
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  Article Summary  
With sales and revenue growth driving increased expenditures at many Los Angeles and Southern California companies, executives are looking at the benefits of moving to automated expense management.

While a number of finance teams still use inefficient and outdated manual expense processes, forward-thinking executives and their senior financial leaders are seeing significant gains from implementing automated expense management, including reduced costs to process reports and increase employee compliance with expense report submissions.

Reviewed in this article are survey findings on expense management pain points along with four concrete benefits of moving to automated expense management and reporting.

With a rebounding economy, improved financial performance, and increased spending, expense management is again on the front burner.

Business leaders looking at ways to improve efficiencies and better manage expenditures can benefit from talking with a provider of CFO services who has a proven track record of assessing needs, recommending the best option, and guiding implementation of an automated expense management system.

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