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The Evolution and Revolution of Expense Management Automation Cost Control

Posted by S., Lynn at Friday, 07/06/2012 3:22 pm
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3.1 from 32 votes

A Complete Guide to Justifying and Buying an EMA Solution

Executive Summary

The end of another day is fast approaching when a last minute meeting is called, at which you learn you have been appointed to lead a high-priority formalized and budgeted project with tight timelines. Expense Management Automation, better known as EMA, is recognized as the key to substantially reducing and establishing control over your company’s second largest cost. This project to select and implement an EMA solution will significantly impact the organization both financially and operationally - as well as your personal career - if executed successfully. A great deal is at stake.

This is not a typical vendor evaluation with dedicated resources and formalized committees. So what exactly is the mission? To find the best vendor to meet the expense management automation needs of your organization in the shortest amount of time.

Sound familiar? Whether you’re a vice president, a director or manager of finance, operations, IT, corporate travel, procurement, accounts payable or even a CEO reporting to a board of directors, you have inevitably faced this situation at some point. Chances are you have been provided limited direction and even less support to find the vendor with the best fit for your organization’s requirements.

To help get you started, we have compiled a step-by-step guide on selecting an EMA vendor. This executive brief has been designed to assist you in understanding how automated expense reporting, when implemented as a cost reduction measure, can save your company far more than just money.

This paper, published by SumTotal Systems, Inc., is designed to provide a comprehensive overview of best practices in selecting an Expense Management Automation (EMA) vendor. SumTotal Expense Management is a global leader in the EMA market. As part of SumTotal’s Human Capital Management Suite, SumTotal helps you manage your top two controllable business costs: employee-related expenses and your employees.

We encourage you to read on and learn how to select an EMA vendor from specialists in the field.

Included are essential tips on evaluating and selecting the right vendor that best fits your company, as well as strategies for gaining critical buy-in after the EMA selection process. Find out how to make a meaningful impact on the bottom line throughout the pages of this brief >>