Automated Expense Management Solutions: The 'Order of the Day' says Apptricity
July 14, 2014
By Mini Swamy, TMCnet Contributor
The many facets of travel and expense management can cause nightmares to organizations and headaches to employees, but it doesn’t have to be that way. Although there’s no denying that travel is a hotbed that notches up expenses of considerable proportion and are difficult to track, companies can still control costs. Apptricity, the provider of mobile enterprise software solutions, tells you how.
According to Timothy D. Garcia, founder and CEO of Apptricity, companies can remove the guesswork from expense reporting by using automated expense management solutions instead of time-consuming paper-based expense reporting systems. Paper receipts tend to accumulate, get misplaced and get lost; even the most conscientious employee will find keeping track of them to be a regular a pain in the wallet. This is where easy-to use online travel and expense-recording and filing software can help immensely.
"Paper or semi-automated expense reporting systems can cost companies millions of hours in lost productivity," said Garcia.
Apptricity says its expense management solution helps integrate all expenses under one system, and its multi-tiered expense management solution is fully customizable and can be tailored specifically for each client; it reduces tedious paperwork, enhances productivity, flexibility and accuracy, and is a perfect fit when there is a need for expense reporting on-the-go.
As IBM (News - Alert) phases out its Global Expense Reporting Solutions, Apptricity has urged IBM customers to shop around for a solution that provides greater flexibility and ease of integration. Apptricity believes it has what companies need to accelerate productivity and give customers what they need.
In addition, with mobility and BYOD gathering speed, automated mobile expense management solutions can help companies centrally manage, track, and optimize mobile spend to reduce costs and ensure the enforcement of corporate policies. The IBM Emptoris Rivermine (News - Alert) mobile expense management solution has what it takes to help companies manage their mobile device spend.
Companies with strong telecom expense management will have greater visibility and control over the telecom lifecycle and related spend, allowing them to streamline their telecom operations and dramatically reduce costs.
With the Global SaaS (News
- Alert)-based expense management market expected to grow at a CAGR of 19.20 percent during the 2014-2018 period, Technavio has identified the top nine companies in this market that are expected to contribute to market growth; both IBM Rivermine Emptoris and Apptricity, which figure in that list, promise to be money-savers.
Edited by Rory J. Thompson