Aberdeen Report: Taking Control of Spending
Critical Steps Toward Efficiency and Performance in the United States
The pandemic has accelerated the need for businesses to digitally transform their operations. As a result, companies are reevaluating how they manage their spending. A recent Aberdeen expense and invoice management survey found that top companies in the U.S. and around the world with fewer than 1,000 employees have automated many tedious manual processes, increased visibility into total spend, and discovered ways to drive strategic advantage through this cost efficiency. These best-in-class businesses are now optimizing many aspects of their spend management to increase profitability, drive growth, and bounce back stronger during the current economic downturn.
Research shows best-in-class spend management companies are seeing:
- 4.9x greater increase in productivity over the past two years
- 46% fewer costs to process an expense report
- 27% faster time to receive and process vendor invoices
- 1.6x greater improvement in employee satisfaction over the past two years
Download the Aberdeen Knowledge Brief to read the full report and learn how you can help your business become more resilient by enhancing your existing expense management program.
