As the digital economy puts more purchasing options in the hands of your people, the challenge is in protecting the bottom line. Managing expenses, cash flow, and the bottom line is getting a lot harder due to the many ways your employees are interacting with suppliers — and how those suppliers are marketing to those employees is changing with the digital economy.
This means their expectations for systems have also changed and moved toward applications that are as intuitive and simple as the consumer apps they use every day. They want information instantly, and they have no tolerance for outdated and inefficient processes. Given the increase in options, if you’re an owner, president, CFO, or financial decision maker in your business, the question is “how do you protect the bottom line?”
Two strategies have evolved and been adopted by leading companies to address these issues. They both focus on delivering the choice and efficiency employees expect, along with the information needed to make smart decisions. Thus, Best-in-Class financial leaders are enlisting their employees to help manage company spending and also leveraging their data more effectively to drive more accuracy, intelligence, and insight to create better visibility and savings.
To learn more, read the full report, Financial Decision Makers: It’s About Employees and Data in T&E.