4 Things to Know Before You Buy a Spend Optimization Platform

5% of revenue is lost to fraud each year.

The expense payables process has multiple points of failure and vulnerability, from fraudulent spend to human error.

So, how can you find and resolve these risks?

Spend optimization goes beyond spend management. It is an integrated approach to corporate spend that uses automation at scale, digital transformation, and data visibility to achieve frictionless and effective finance.

Download this checklist and pinpoint your current challenges preventing you from moving beyond managing spend, to optimizing spend. You’ll be better equipped to find solutions that help:

• To identify risk across departments, teams, and systems
• To work across systems using tools that encourage collaboration
• To optimize spend, identify trends, and reduce manual tasks