Travel is a crucial business expenditure for many enterprises, with organizations looking to balance travel needs with cost-effectiveness. Travel expense management needs to consider accuracy, compliance, cost-productivity, and results. Financial process automation can be key to managing those factors.
Financial process automation is becoming more important for corporate travel expense management, as is accessing that automation while on the go. Travel and expense management (TEM) software, with mobile functionality and intelligent features, means companies can leave the inefficiencies of expense spreadsheets and receipt handling behind in favor of increased speed, productivity, and compliance.
This report looks at current market trends in travel and expense management (TEM) software and the benefits of this technology. Also included is an examination of TEM software functions and overviews of eight leading TEM solution providers.