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Expense Management for a New Decade
Aberdeen Group, March 2011, Pages: 23
Expense management has reached a pinnacle of strategic importance and criticality as companies continue to rely on global business travel to bolster their bottom-line growth, improve supplier and customer relationships, and compete within a worldwide marketplace. The research for this report has found that 41% of organizations perceive expense management as a function that is just as critical as other internal departments. Another 39% saw the function rise in prominence over the last year. With nearly 7% of the average company's budget allocated to corporate business travel, companies will leverage a robust array of new approaches, strategies and solutions to advance the management of business travel expenses and drive true value out of this classic set of corporate processes.
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