Get Started With Spend Optimization

Spend optimization is an integrated approach to corporate spend for achieving frictionless finance.  How? Using automation at scale, digital transformation, and data visibility. 

Expense, invoice, and travel management often operate in silos - limiting insight, risking fraud, and increasing overall costs. Spend optimization brings the six key areas of corporate spend together. 


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Emburse Spend Optimization Model

Just because you’re automated, doesn’t mean you’re optimized.

Easily chart your journey to fully optimized spend across four stages of automation, using our Spend Optimization Model: Ad Hoc, Managed, Accelerated, and Optimized.

The Emburse Spend Optimization Model outlines your optimal path from manual, painful legacy processes to frictionless spend. We can provide your roadmap, regardless of where you are on the spend optimization spectrum today. 

How optimized
are you?

Emburse can help you identify which stage you are at currently for each of the six key areas of corporate spend:

  • Expense management
  • Travel management
  • Accounts payable
  • Payments
  • Insights and analytics
  • Compliance and audit

Spend optimization picks up right where spend management ends.

Where management focuses on processes to keep spend under control, optimization involves creating a scalable, transparent, and strategic view of an organization’s spend. 

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Ad hoc

Laborious manual processes reduce productivity and don’t provide insight into spend data.

  • Constant delays
  • Outdated data 
  • Reactivity
  • Paper-based, predominantly manual processes
  • Finance chasing down employees

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Managed

Automation begins to drive down operational costs and reduce chaos.

  • Still lacking complete visibility
  • Controls are going up
  • Some automation
  • Costs are coming down

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Accelerated

Spend visibility and control improves as technology is implemented.

  • Making better, faster decisions
  • Clean data
  • Insights from data analytics
  • Automated systems and processes
  • Virtual cards and on-time payments

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Optimized

Digitally-evolved solution stack makes meeting strategic goals easier.

  • Systematic transformation
  • Technology and human expertise integrated together
  • Complete control
  • Value and ROI maximized

Emburse Spend Optimization Model

What are the benefits of spend optimization?

Spend optimization creates measurable change throughout your organization by enabling business leaders to meet their strategic goals.

  • Better balance your spend and budgets to inform investments
  • Reduce your overall operating costs 
  • Improve your spend visibility to make data-backed decisions
  • Unify your data sources to distill information quickly and easily
  • Get more done in less time
  • Eliminate employee errors and late submissions
  • Enforce policy compliance automatically while reducing fraud
  • Improve your overall visibility to help with strategic payment decisions
  • Ensure vendor payments are processed quickly and accurately
  • Capture receipts and submit your expenses and invoices while on-the-go
  • Utilize virtual, pre-paid, or physical corporate cards
  • Get reimbursed faster on business expenses

94% of surveyed CFOs say digital transformation is critical to their organization’s future success.

Are you on the path to optimized spend? Find out for free.

Three reasons to schedule your assessment, today

Chat with us for insight into how your organization’s current expense management, travel, AP, and more could evolve to deliver future success. 

Together, we’ll identify:

  1. The current level(s) of your organization’s spend maturity 
  2. Which unique challenges impede organizational success
  3. What your desired future state looks like—and how to get there