If you're looking for a financial management tool to help you spot and eliminate wasteful business expenses, Spend Management is a good option. It automates and manages indirect and direct spend, giving you better control, more value and more savings. With tools like spend data analysis, end-to-end business process integration and generative AI to free up employees from routine tasks, it can help you cut costs and collaborate better.
Another option is Ramp, a spend management service that automates financial tasks by linking global corporate cards, travel, expenses and accounts payable. Ramp automates expense reports, offers customizable travel policies and uses AI to flag problems and prevent overspending. It integrates with accounting software and handles multiple currencies, and it's good for small or large teams that want to streamline and optimize financial operations.
For companies of any size, Brex offers an AI-powered spend management service with corporate cards, automated expense processing and a simplified way to book global travel. Brex can set budgets and spending limits, track expenses in real time and automate tedious work and compliance. It also integrates with several ERP systems and offers a variety of pricing tiers, including a free Essentials plan.
Last, Coupa is a cloud-based spend management service that helps companies streamline operations in procurement, supply chain, finance and IT. It automates source-to-pay processes, treasury management and procure-to-pay with AI, letting companies work more efficiently and get a unified view of cash in use around the world. Coupa's unified platform is designed to help companies modernize their operations and accelerate growth.