This recent white paper by IDC research firm reveals that businesses using cloud-based business expense management and travel solutions have halved travel planning time and business travelers have limited the loss of their receipts by 54%.
They have also been able to observe a better respect of their travel policy (compliance rate of more than 30%) and the reduction of time spent on publishing expense reports. As a result, they saved an average of $ 2.78 million.
The purpose of these deployments is to increase employee productivity, reduce the costs of managing operational functions, and develop new capabilities that directly impact their performance. Recognizing these benefits, CFOs have embraced cloud solutions that can more quickly and accurately manage key business expenses such as travel and business expenses.