Expense Management stories

SAP Concur predicts major shifts in travel and expense management by 2025, highlighting investment in AI, compliance tools, and user experience improvements.

SAP Concur forecasts a transformative 2025 for travel and expense management, emphasising digital investment and evolving business travel demands.

Airwallex has reported impressive growth in Singapore, with revenues up 157% and transaction volumes rising by 151% in Q3 compared to last year.

Australian SMEs are urged to prepare for cash flow challenges this holiday season, with concerns over profitability in retail and logistics sectors.

Extend has launched a new Bill Pay feature to enhance invoice payments for businesses, leveraging virtual cards for improved security and cash flow management.

A new report reveals that 95% of UK finance leaders struggle with global spend management due to outdated systems, hindering business growth.

Canstar transformed its outdated systems by adopting NetSuite, streamlining financial operations, integrating third-party tools, and boosting efficiency.

Businesses must navigate complexities to unlock the ROI in AI and automation, focusing on data management, security, and strategic implementation.

FoodByUs launches Price Tracking feature in Australia, giving 90,000 venues real-time pricing insights to optimise purchasing, cut costs, and boost profits.

SAP Concur continues to strive in producing effective ways to simplify business travel and expense management.

Singapore's Aspire launches AI suite to boost financial analytics and automation for Asian businesses, aiming to enhance decision-making amid rising costs.

Vita Health Group partners with Zellis to streamline HR operations, enhance employee experience, and support growth with advanced digital tools and data-driven insights.

Australian firms are struggling to manage evolving employee spend habits, with an SAP Concur study highlighting increased office, travel, and entertainment expenses.

Payments provider Volopa collaborates with Microsoft Dynamics 365, enhancing its expense management tools, building on partnerships earlier this year with ClearBank and Yapily.

UK finance teams waste up to five weeks a year on repetitive tasks that could be automated, with 42% remaining manual due to AI adoption barriers.

Amid complex challenges, AI and ethical travel policies present key improvements for Australian and New Zealand firms' management of travel and expense processes.

Fintech firm ANNA Money provides a unique GBP £1,500 internship opportunity for a student to care for its AI-affiliated Terrapin whilst exploring the customer experience impact of AI technology.

Volopa partners with Open Banking API provider, Yapily, aiming to simplify the payment process for finance teams through seamless connectivity using innovative open banking technology.

The need for automation is not merely a fad. Instead, it will continue to grow, with the world now shifting to a digital business landscape.

Organisations that implement spend management technology sooner rather than later will find themselves in a stronger position to weather an economic storm.