Despite a banner year for innovation and investment in fintech, many
finance teams still rely on incredibly dated manual methods of
managing their companies’ spending that can be both
time-consuming and error-prone. A company cannot maintain an
accurate view of its spending if it cannot see spend commitments
until it receives an invoice.
The less visibility a company has into its spending, the greater the
company’s vulnerability to errors and fraud, and the greater
the company’s risk of overspending and incurring lost
opportunities for cost savings.
There is a better way. During this Webcast, we will outline how
companies can improve the accuracy and efficiency with which they
record spending by:
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Identifying which aspects of invoice management, such as
three-way matching, lend themselves best to automation
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Developing consistent workflows for the submission,
review, and approval of invoices and purchase orders
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Establishing, communicating, and enforcing policies to
maintain employees' with regulations and requirements
for spending responsibly on behalf of the organization
