Short presentation with the key findings on the future of expense management. Download the full whitepaper for free at blog.xpenditure.com

1. Contents
Five takeaways
on the future of expense management

2. Contents
Business expenses form a large part of the
costs of every company but often they are
hidden
Smaller companies are able to use the same
high quality software as Fortune 500 companies
The use of cloud computing
disrupts current expense management solutions

3. Contents
Five takeaways

4. 1
#Contents
Cloud based business software
increases compliance
© C10sed - Flickr

5. Contents
First takeaway
Cloud based business software increases compliance
In companies with cloud based expense management, compliance with corporate
policy is 17% higher than in similar organizations with on-premise or manual
systems
Best in class cloud based solution
companies see 90% compliance with
company policies, traditional software
companies only 59%
(Source: Aberdeen Group)
© C10sed - Flickr

6. Contents
#2
Cloud based analytics of business
expenses increase organizational
intelligence © MillionEyez - Flickr

7. Contents
Second takeaway
Cloud based analytics of business expenses
increase organizational intelligence
The unified view on company expenses improves collaboration and coordination
between executives and extracts greater value from their business travel.
57% of companies that use cloud based
business expense management are able
to use expenses information for
improving organizational intelligence
(Source: Aberdeen Group)
© MillionEyez - Flickr

8. 3
#Contents
Cloud based analytics of business
expenses increase ROI
© Siddy Lam - Flickr

9. Contents
Third takeaway
Cloud based analytics of business expenses increase ROI
Analyzing business expense from a central database allows better insights on
spending behavior and travel costs.
For every dollar spent on business travel, companies generate between $10 and
$15 dollar on revenue increase. Expense analysis can show unexpected
opportunities to save money on travel spending.
Cutting redundant travel costs can increase the revenue proportion even more
© AaronPatterson - Flickr
© Siddy Lam - Flickr

10. Contents
#4
Cloud based business
expense managements systems
allow better collaborative functions © Birgit44 - Flickr

11. Contents
Fourth takeaway
Cloud based business expense managements systems
allow better collaborative functions
Next to the previously mentioned organizational excellence, expense management
systems can help stimulate collaboration in the company.
Collaboration amongst executives is interesting to lower travel costs, but can
also enable new opportunities to leverage the outcome of business travel.
Today, already 41% of the companies using cloud based expense management
use these systems to improve collaboration.
© Birgit44 - Flickr

12. 5
#Contents
There are differences between how
small and large enterprises see
business expense management
© GeoY5 - Flickr

13. Contents
Fifth takeaway
There are differences between how small and large
enterprises see business expense management
Smaller companies focus more on improving existing processes for the
management for expenses, getting more ROI from travel and more insight in the
expenses
Larger companies often have already insight in the expense management
processes and focus more on enforcing existing policies for this matter
Smaller companies are advised to look at their expense management more closely
and to treat it as it strategic business function rather than just a business need.
Fortunately, new cloud based solutions make it possible to purchase high quality
solutions for the a fraction of the price than the previous generation expense
management solutions
© GeoY5 - Flickr

14. Contents
General considerations for
a cloud based expense management solution
Ensure integration possibilities of payment transactions
Go for a user friendly application
The company policy should be implemented without much effort
Look out for comprehensive reporting modules
Go for mobile device integrations
(research sources: Aberdeen Group & Ziff Davis)

15. Contents
Xpenditure is cloud based expense management solution that combines
real time spend monitoring with digitalized receipt management.
•Take a picture from your receipt
•We will scan the receipt and extract date,
merchant, amount and currency.
•Expenses are created in the online account
for further analysis and reporting
Start painless expense management now
and sign up or a free account at www.xpenditure.com
Download the full whitepaper on The Future of Expense Management on blog.xpenditure.com