LOS ANGELES, May 7, 2013 -- Chrome River Technologies, a leading provider of expense management and automated invoice processing software, today announced research findings about the top travel and expense automation trends for 2013.
Industry research experts PayStream Advisors discovered that technology, such as online meeting rooms, web conferencing and communication tools, is reducing travel in the business world; however, T&E expenditures are still increasing. 58% of survey respondents reported that T&E has increased over the last three years while only 16% reported a decrease and 26% remained the same.
In this report, PayStream Advisors covers the 7 top trends in T&E automation to consider when exploring expense management automation solutions and the positive impact these trends can have on an organization’s expense management processes and bottom line.
1. User-friendly graphical interface
2. Pre-trip expense authorization
3. Easy integration with online travel booking tools
4. Receipt capture from mobile devices
5. Software as a Service delivery model
6. Mobile functionality
7. Visibility into spend
PayStream notes that automated expense management solutions are an increasingly important tool for organizations that need to reduce and control costs by gaining visibility into spend, viewing spend patterns, improving approval and reimbursement cycles and enforcing compliance to company expense policies.
Read the full PayStream report entitled “7 of the Hottest T&E Automation Trends for 2013.” Click here.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and invoice automation solutions that uniquely combine the latest available internet technologies with a team of industry-leading implementation and support experts. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Additional information about Chrome River Technologies, Inc. and its solutions may be obtained by phone at 1.888.781.0088 or by visiting the company website at www.chromeriver.com.