Spend optimization
Find and fine-tune spend across the organization
Spend optimization uses automation at scale to close the gaps that result from outdated processes. Optimizing one, two, or all of your company spend categories will save your organization time and money.See how optimized you are in under 10 minutes.
Emburse can help you identify your current optimization stage for each of the six key areas of corporate spend:
- Expense management
- Travel management
- Invoice automation
- Payments
- Insights and analytics
- Compliance and audit
Why make spend optimization a top priority?
Spend optimization creates measurable change throughout your organization. With powerful technology helping staff get more done in less time, business leaders can more readily meet their strategic goals.
Achieve better balance of 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
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 Eliminate time spent on manual or paper-based expense tasks
“Emburse is three times more cost-effective than Concur, and we’ve reduced monthly transactional spend by about 70% since switching.
”
Dawn Conway
Senior Business Analyst, BELFOR
By optimizing organizational spend, you can:
- Solve cash flow and other AP headaches
- Simplify travel by giving users one app instead of dozens
- Make better strategic decisions with analytics
- Improve insights around sustainability and travel-related carbon footprint
- Defend against fraud and maintain regulatory compliance
- Free up staff time for work that directly impacts business goals
- Get the best vendor terms and pricing, including early payment discounts
- Eliminate outdated expense reporting with virtual cards
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.
Ad hoc
Laborious manual processes reduce productivity and don’t provide insight into spend data.
Managed
Automation begins to drive down operational costs and reduce chaos.
Accelerated
Spend visibility and control improves as technology is implemented.
Optimized
Digitally-evolved solution stack makes meeting strategic goals easier.
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:
- Your organization’s spend maturity
- Unique challenges that may be impeding organizational success
- What your desired future state looks like, and how to get there
Map your spend optimization journey
Contact us today to schedule your free assessment. We’ll walk you through a series of questions to identify potential solutions curated to meet your unique needs.