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With finance being increasingly touted as a strategic function, and the CFO ever more important in decision making, it becomes important that expense reporting serve more than just an operational purpose. The highly competitive industry has set a few benchmarks for expense reporting solutions. The most sought-after feature is automated expense entries for expenses. A must-have for all expense management systems is the ability to mark policy violations on expenses and reports. We believe machine learning will be at the center stage of all developments in expense management, not only for 2019 but for the coming years. With digital transformation being at the forefront of strategies, it won’t come as a surprise if we see companies migrating to ML-powered expense management solutions. |
