Just when we’ve settled into the new normal, everything gets shaken up again. As businesses start to reopen and employees head back to the office, the economy will gradually return to its pre-pandemic state.
However, not all industries are on a straightforward path to recovery. Automakers have suffered a number of ill-effects from the COVID-19 pandemic, such as:
• A two-month halt in factory production.
• Plummeting revenues.
• Lowered credit ratings.
• A 22 percent decrease in global sales.
It’s clear that automakers will have to slash costs and reexamine their business goals and mission statements in order to keep their bottom lines healthy and growing. That’s where we come in.
Automating corporate spend management processes is essential to bringing in steady revenue and innovating your business model. We at ExpenseAnywhere provide end-to-end automated solutions for travel and expense management, supplier invoice processing, and p-card / prepaid card management. Our state-of-the-art financial management software uses AI, ML and OCR technology to automatically match card charges to receipts, match purchase orders with invoices, and digitize company cards – all without paper, ink, postage, or manual data entry.
Plus, the ROI speaks for itself. Our clients saved 90 percent on processing costs, improved on-time payments by 75 percent, and reduced processing times by 80 percent. Now they can devote more time and energy to increasing their bottom line, nurturing customer and supplier relationships, and establishing themselves as industry leaders. All it takes is a click.
To learn more about financial automation, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.
