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Expense
Management Reporting and Analysis
Good expense management captures
hidden savings, identifies free-spending problem employees,
and allows purchasing managers to negotiate preferred
rates with suppliers. While organizations can go on
for years without this critical function being covered,
they do so at their peril as competitors turn “found
money” into expanding revenue-producing operations
and becoming more price-competitive.
Potential benefits hinge on the
ability to accurately report on and instantly analyze
expense management data with self-serve reporting tools.
To get visibility on expenses means getting those tools
in the hands of everyone involved with spending, not
just an elite few analysts. Pushing the numbers and
awareness of potential savings out to many means cost-saving
opportunities will be more than a few.
Databeacon gets insight out of expense
data quickly and cost-effectively. Databeacon delivers
Web-based explorable reports and analytical capabilities
directly to the people that can act immediately to make
better use of corporate resources.
They’ll be able to answer expense-related
questions such as:
- Which departments are the “big
spenders” and what are the problem areas?
- Are there too many suppliers
of sundry items such as office stationary, making
supplier consolidation and volume discounts a possibility?
- Are multiple-credit card numbers
tracking back to the same “maverick” employee?
- Do opportunities exist for “preferred
customer status” with frequently used hotels
and airlines?
- Can reimbursement times be cut
if finance staff has instant access to detail data?
By providing everyone in the
organization with the ability to view, create and collaborate
on self-serve reports and data analysis, Databeacon
offers many opportunities to transform “spreadsheet
farms” and static expense data into one-stop self-serve
reporting that turns questions into actions, and expense
management burdens into financial rewards.
Databeacon Expense Management
Success Stories and Case Studies:
Contact us for a free evaluation copy!
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