Expense Management: The Benefits of Cloud
A travel and expense management (TEM) tool can reduce costs, automate the often monotonous expense process, and provide valuable insight into where your company’s expenses are going. The big question these days is whether to invest in a modern Software-as-a-Service solution with rich functionality, or if the traditional on-premise system is suitable for your organization.
In this article by Chris Pang, Gartner discusses the benefits of choosing a SaaS model for your expense management solution, and makes three strong arguments for going with the Cloud:
- When travel and expense management is seen as a commodity process and you see no value in implementing and maintaining a custom, on-premise solution;
- If you have a multi-tiered ERP environment, but seek a consistent, global process for TEM; and
- If you have a single ERP application with multiple instances or versions across the company, but don’t have plans to move to a common platform in the near future.
Read more about the benefits of a Cloud-based TEM system in Pang’s article, here.