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Strategic Technology Expense Management: Unlocking Value Beyond Cost Tracking

E78 Partners

Yet, many finance and IT leaders still treat Technology Expense Management (TEM) as an afterthought, a reactive function focused on invoice processing or software license tracking. TEM done right is not just about managing costs. Invoices go unchecked. As organizations scale, so do their technology expenses.

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Moving The Business Payments Focus From Price To Process

PYMNTS

“We’re seeing increased costs to have security around the printing of checks, and what I’ll call ‘the old ways,’” said Joiner. Against that backdrop, companies are re-evaluating and redesigning their entire supply chains, cost management life cycles and other processes across all industries from healthcare to manufacturing.

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How ePayments Can Ease B2B Friction In The Travel Industry

PYMNTS

The new reality will be marked by low bookings; tight margins; financial pressures on online travel agents; and the need for cost management. Payments made on credit also incur significant administrative burden on companies that must reconcile invoices — unless electronic invoicing is used.

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Introducing Automation To The Accounts Receivable Department

PYMNTS

But automation in accounts receivable — including invoice generation and payment acceptance — is key to cost management, research says. Earlier this year, VersaPay examined the ROI of accounts receivable technology and found that 90 percent of the costs associated with manual invoice processing is directly linked to labor.

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Rajesh Bux talks Leadership at the Intersection of Finance, Strategy & People

CFO Talks

A standout example is from his time at Neotel: Neotel case study: He delivered R150   million in annual savings by strategically targeting non-essential costs first, preserving people, systems, and customer-facing operations. Understanding the backend—the stack behind the numbers—helps in modernising operations and evaluating systems.

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Accounts Payable AI Company Stampli Raises $25M

PYMNTS

Stampli redefines invoice management by turning the invoice into a communication tool allowing AP to seamlessly collaborate with all departments and external vendors.”. The company is now processing about $12 billion in invoices annually, which is four times more than it was processing at the beginning of 2018. .

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Today In B2B Payments News: Razorpay Taps Visa For SMB Cards, Nets And Yoba Collab On SMB Payments

PYMNTS

The release stated the partnership will let companies pay costs via a credit card, while accessing on-demand liquidity alongside cost management tools. Nets will provide the full-scale solution with a corporate credit and debit solution using digital services, enterprise card management and security tools, the release stated.

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