Event highlights of the "Future of Expense Management For Businesses" conducted by Group Futurista

TALLINN, Estonia - Jan. 27, 2022 - PRLog -- Expense control isn't a brand new problem. It has been around for as long as organizations were around. The simplest aspect that has been modified is how businesses manage their charges.

With the upward push in the laptop era, organizations moved from keeping bodily statistics of books to digital ledgers/computing device-based. This required users to do the same amount of work, but just on a laptop. Then came the Network Systems.

Network Systems digitized all processes. The best expectation people had from these structures turned into spend much less time manually finishing tasks.  This has become the time that desktop computing came into lifestyles. With desktop computing, everybody ought to have a computer on their own and do something they wanted to do on it, and for as long as they desired.

Dr. Frances Undelikwo - Automated expense management benefit finance team. What do they want? What do they want to achieve? Their desire is to simplify processes and set money. What you spend your money for? Your money goes into training, simplicity or employment.

Mariano Dima - Speed is really important. Speed, how we empower employees to spend money on the right time. Anything, any employee, any department to ensure that they have the right amount of money at that time.

Ben Bauer - We have process automation only in accounting, we've fraud prevention, we've tax reimbursement to avoid tax penalties and we've audit security only for automation or only for taking picture of bills.

Yannick Van Looy - Real time is really key. As a manager you've two types of approaches either you say ok or hmm or it's doesn't look really good or I don't really care because it's company's money. Expense management its a pretty simple process, it's almost touches everyone in your workforce.

Expense management allows the employee restoration with the policy info and actionable controls. This way, compliance is assured at every step, from the second one fee is created. Next, this statistics is made to be in Accounting and Finance departments in actual-time, who can then assess related risks and opportunities flagged.

Group Futurista
Vishal Jain
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