SOURCE: Aberdeen Group

Aberdeen Group

March 08, 2011 10:00 ET

Expense Management for a New Decade

New Study Finds That Companies Are Utilizing a Variety of New Approaches and Solutions for Managing Their Corporate Expenses

BOSTON, MA--(Marketwire - March 8, 2011) - With upwards of 7% to 10% of the average company's overall budget spent every year on expenses related to travel and entertainment (T&E), organizations across the globe will utilize emerging solutions and strategies as expense management moves into a new decade, according to a new report published by the Aberdeen Group, a Harte-Hanks Company (NYSE: HHS).

The Expense Management for a New Decade research study, which analyzed the intentions, strategies and technology utilization of nearly 175 companies, found that top-performing enterprises are actively utilizing cloud-based expense management solutions, mobile expense management applications, and expense data-reporting and analytics to support an ever-growing strategic internal function.

"As we move into a new decade, expense management is going to play a much more significant role than it did in the past," said Christopher Dwyer, research analyst, Aberdeen. "With this function becoming more strategic, more efficient and modern technology is needed to accurately forecast and budget for the future, as well as drive-down expense-processing costs and approval times."

Companies are riding a momentum shift to "modern" solutions for expense management, and through the advent of cloud-based technology and mobile applications, organizations are not only streamlining and automating many of the core procedures within expense management, they are also experiencing top-tier performance benefits. Companies currently utilizing cloud expense management solutions have reduced their expense-processing costs by 50%, while users of mobile expense management applications are reimbursing employees at a 40% faster rate.

A complimentary copy of this report is made available due in part by the following underwriters: Certify, Concur and Coupa. To obtain a complimentary copy of the report, visit:  

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About Aberdeen Group, a Harte-Hanks Company
Aberdeen provides fact-based research and market intelligence that delivers demonstrable results. Having queried more than 30,000 companies in the past two years, Aberdeen is positioned to educate users to action: driving market awareness, creating demand, enabling sales, and delivering meaningful return-on-investment analysis. As the trusted advisor to the global technology markets, corporations turn to Aberdeen for insights that drive decisions.

As a Harte-Hanks Company, Aberdeen plays a key role of putting content in context for the global direct and targeted marketing company. Aberdeen's analytical and independent view of the "customer optimization" process of Harte-Hanks (Information - Opportunity - Insight - Engagement - Interaction) extends the client value and accentuates the strategic role Harte-Hanks brings to the market. For additional information, visit Aberdeen or call (617) 854-5200, or to learn more about Harte-Hanks, call (800) 456-9748.

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