Top 10 Reasons to Automate Operating Expense Controls
Reason #8: You like really big, really fast ROIs
But getting there may be tougher than you think.
If you are like most small-to-midsized business executives, your primary focus is on growing revenue and controlling spending.
To that end, you leverage technology to eliminate inefficient processes in your company, such as a CRM system to manage revenue and an accounting or ERP solution as your back-end financial system of record. However, chances are you still use manual, paper-based processes to deal with company expenses.
For Fortune 1000 companies, automated expense controls have been standard operating procedure for a number of years. Until recently, these kinds of process efficiencies and controls were far too costly for most small and midsized companies to consider. Now, with new web-based technologies, these businesses are embracing the concept of automated operating expense controls and adopting it at a rapid pace.
The other nine suggestions from this "top-ten" list of why companies automate operating expense controls has been compiled from leading technology and payment consulting and research firms, leading financial publications and extensive interviews with businesses that use expense control software. One or more of these situations may, in fact, be true for you.