RKL eSolutions Blog Trends and Insights

How to Build a Roadmap for Expense Management Automation

Automation has become a key priority for finance leaders.

According to the 2018 Expense Management Trends Report by Certify, Inc., 18 percent of organizations are planning to upgrade from manual systems to a web-based expense management tool. And more than three quarters (77 percent) of organizations planning to switch to a new expense management provider, will do so within the next 12 months.

The benefits are clear: reduced costs, greater control over expenses, increased policy compliance, improved staff productivity, and enhanced visibility. But if your organization is planning to make this shift, do you have a roadmap in place to ensure the switch will be seamless?

A new white paper from APP2P—sponsored by our partner Nexonia—offers a roadmap for finance teams to ensure that their new technology reaps the rewards it is designed to do. In Automated Finance: 6 Key Steps for Adopting New Technology you’ll learn six key steps to a successful deployment:

  1. Diagnose your pain points: Your business case needs a sound problem- and solution-based focus.
  2. Set your objectives: Form a project management team that includes stakeholders from departments such as information technology, finance and accounting, procurement, human resources, sales and marketing—and build a list of objectives based on their business needs.
  3. Find the right technology vendor: The white paper includes a rundown of the key elements that finance leaders should look for in a prospective vendor.
  4. Build a solid business case: It should include deep dives into items such as hard savings, soft savings, and risk mitigation.
  5. Don’t lose sight of the user experience: Understand how the new technology will affect staff and develop the right communications strategy for the entire journey.
  6. Monitor and measure the results: Measure ROI and periodically update stakeholders and senior management on post-adoption results.

 Download the white paper, Automated Finance: 6 Key Steps for Adopting New Technology, here today.

6 Key steps for Adopting New Technology

RKL Team

Written by RKL Team

Since 2001, RKL eSolutions has helped growing companies maximize their technology resources and investment. Over the years, we have helped hundreds of small and medium sized businesses as their strategic business partner. We specialize in the needs of Entertainment, Software & SaaS, Professional Services, Manufacturing, and Non Profit organizations. Our experienced consultants have a passion for making every facet of your business successful and are intent on building a long-term relationship with every client.