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Cloud-Based Expense Management: Faster, Better, Cheaper?

A new Aberdeen report finds that cloud-based expense-management software offers a better alternative to today’s Excel-based or other on-premise software and processes.

The verdict, according to Aberdeen survey research of 50 service firms, is that the cloud does offer advantages over on-premise systems. Cloud-based systems contributed to: a 52 percent increase in billing speed compared with those firms using on-premise management software; a 26 percent higher increase in payment speed; and 21 percent more consultants and other employees using the expense management system to create and submit project expenses, notes the report.
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