Most people have probably heard the acronym BRIC (Brazil, Russia, India, China) used to describe the countries likely to become superpowers over the next several years. We typically think of China as the world’s fastest-growing economy and one of America’s biggest competitors. While China’s economy is growing in leaps and bounds, Amazon CEO Jeff Bezos is not calling the twenty-first century the century of China, but the century of India.
Livemint.com reported that Bezos announced Amazon would invest $1 billion in digitizing small and medium businesses in India. The company aims to export $10 billion worth of Indian-made goods by 2025, crediting the country’s growth to its democracy and its dynamism.
That’s why ExpenseAnywhere and India are such a good match.
Headquartered in Monroeville, PA, ExpenseAnywhere has an established presence in Noida, Mumbai, New Delhi and Chennai. No matter where we are, the mission is the same – [to] “help transform the way businesses manage some of their largest controllable costs; business travel, supplier invoices, and corporate purchase card transactions.” Like India, the United States is known for its democracy and its innovation. And with the twenty-first century being “the century of India,” ExpenseAnywhere’s solutions will be essential to the functioning of the global economy. Research shows that automating accounts payable processes reduces processing costs by 90 percent, improves on-time payments by 75 percent, and reduces process cycle times by 80 percent. In huge, dynamic democracies like America and India, automating corporate spending can mean the difference between growing the bottom line and struggling to survive.
To learn more about how automation can help your bottom line, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.
