Finance and Procurement—departments that used to operate on a mostly independent basis—are rising to the challenge and finding new ways to work together and build back that trust to drive better outcomes.
Saying 2020 was a challenging year would be an understatement. Few companies were prepared for the COVID-19 pandemic outbreak and its resounding effects on just about every industry. To weather the storm, company leadership had to switch directions and even pivot drastically to help their businesses thrive (and, in many cases, survive). Chief Financial Officers (CFOs) took up the reins in ways they’d never had to. Goals were constantly adjusted and cash flow reviewed regularly, as finance teams worked harder and smarter to survive the pandemic.
Emburse Pay is a new suite of global payments solutions to simplify, automate, and control corporate expenses. It launches with Chrome River EXPENSE, integrated with Emburse cards and supported with pre-approvals.
The world of accounts payable continues to evolve, and the COVID pandemic is driving yet more change in the industry as organizations seek to virtualize their AP processes. Learn from experts at Gartner and Ardent Partners about benchmarks and best practices to consider.
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- Driving Success With Automation Part 1: 4 Common AP Management Bottlenecks
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.