New Tech Makes Business Spend Management Easier
In today's economy, the focus is on boosting margins. At FUSION 1, we show you how AI and data are harnessed to manage expenses effectively.
What is the current focus for businesses in managing costs?
Companies are focusing on squeezing margins higher by increasing sales momentum while being judicious about costs. This involves automating and controlling operating expenses through various platforms and payment instruments.
How are virtual cards impacting business spend management?
Virtual cards are becoming increasingly recognized for their simplicity and security. Firms that do not use virtual cards face an average revenue loss of 4.6% due to payment uncertainties. The global value of virtual card transactions is expected to grow significantly, indicating their potential to enhance cash flow visibility and efficiency in B2B spending.
What recent developments are shaping spend management platforms?
Recent advancements include Paylocity's acquisition of Airbase to create a consolidated spend management platform, Coupa's addition of over 100 AI-powered innovations, and Corpay's launch of a mobile-ready spend management solution. These developments aim to simplify corporate payments and enhance expense management through better integration of transactional data.
New Tech Makes Business Spend Management Easier
published by FUSION 1 IT SOLUTIONS
At FUSION 1, we help small businesses and organizations leverage technology to reduce overhead costs with solutions that promote growth and success. We enjoy getting to know our customers and building confident relationships together. With more than two decades of experience, we have a deep understanding of the value in providing excellent customer service with every interaction. Our goal is to save you time, money, and frustration so you can focus on what matters most to your bottom line.
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