How Can R.B.Hall Associates Help You Take Control of Costs?
In today's inflationary landscape, businesses are focused on smart ways to boost their margins. We can show you how companies leverage AI and data to effectively manage costs.
What is the current focus for businesses in managing costs?
Companies are focusing on two main strategies: increasing sales momentum and being judicious with costs. This involves automating and controlling operating expenses through advanced platforms and payment instruments.
How are virtual cards impacting business spend management?
Virtual cards are gaining traction, with their usage expected to grow significantly. Firms that do not use virtual cards face an average revenue loss of 4.6% due to payment uncertainties. Currently, only about 2% of accounts payable transactions utilize virtual cards, indicating a substantial opportunity for efficiency improvements.
What recent developments are shaping spend management platforms?
Recent developments include Paylocity's acquisition of Airbase to enhance its spend management capabilities and Coupa's introduction of over 100 AI-powered innovations. Additionally, Corpay has launched a mobile-ready spend management platform to simplify corporate payments.
How Can R.B.Hall Associates Help You Take Control of Costs?
published by R.B.Hall Associates, LLC
R.B.Hall Associates, LLC is dedicated to providing dynamic tech solutions for small and medium-sized businesses (SMBs). We specialize in implementing digital efficiencies to replace manual tasks and redundancy, keeping businesses one step ahead of evolving digital trends.
Our services encompass cybersecurity, brand identity building, and revenue generation, while our innovative platforms aim to empower businesses in the digital age. Don't miss out on the excitement – read our blog post and embark on an adventure through the digital wonders of RBHall.com.
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