New Findings from BMO Financial Group and Chrome River Survey Reveal Heavy Reliance On Manual Processes
- Companies are not investing in new processes and systems to improve how billable expenses are managed.
- Most frequent travelers in professional services businesses rely on manual processes to manage, monitor and capture client billable expenses.
- Drawn out reimbursement cycles result in lost revenue.
- A corporate card program paired with a sophisticated expense management system can eliminate the need to manually reconcile expenses.