Small and mid-sized firms with 1-999 employees (SMBs) rely heavily on their finance and accounting teams to accurately track cash flow, pay invoices, and reimburse employees in a timely fashion. Managing company spend is critical to SMBs as even small budgetary oversights can have a major impact on a firm’s operations. Changes in the business landscape are making it progressively more challenging for accounting/finance teams to manage company spend. More employees are traveling and working remotely, and tax and legal requirements are becoming increasingly complex. In this environment, manual methods of managing company spend are less reliable than ever.
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