More Than 70 Percent of Large Enterprises Will Move to a Cloud-Based Expense System Within the Next 12 Months, According to the Survey of Finance Professionals
PORTLAND, ME--(Marketwired - May 16, 2013) - Cloud-based travel and expense management software provider Certify announces the results of a new survey on corporate travel and entertainment expenses. The survey, based on input from more than 165 companies, indicates that many companies still use manual processes, such as spreadsheets and paper, for expense reporting and management. The majority of those companies surveyed are looking to reduce costs and increase compliance through moving expense management to the cloud. Survey findings, available here, detail small, midsize and large company expense management challenges and what companies are seeking in a new system.
Highlights of the survey include:
The primary drivers behind improving expense management processes however, differ based on company size. For small businesses, the majority (40%) indicated a need to reduce costs. Nearly half of enterprise companies, however, cited the need to improve visibility into spending and increase compliance.
"The typical company will spend at least 10% of its total annual budget on expenses related to business travel in 2013," says Robert Neveu, CEO of Certify. "Our survey tells us that companies are struggling with inefficient processes, such as employees submitting incomplete reports, delaying approval and reimbursement. When companies adopt cloud and mobile expense management systems, those pain points disappear, giving finance directors better control over this large budget item."
About Certify
Certify is the leading online travel and expense management solution for companies of all sizes. Organizations worldwide book travel and complete expense reports quickly, easily and cost effectively using Certify cloud and mobile applications. For more information about Certify please call 207.773.6100 or visit http://www.certify.com.
Contact Information:
Kevin Wolf
kevin@tgprllc.com
(650) 327-1641
TGPR