Effective business spend management is a direct lever for profitability. When organizations gain visibility into where money flows, enforce policies, and eliminate maverick or uncontrolled spending, they prevent leakage that silently erodes margins. But, finance executives across the globe are often struggling with siloed visibility, disconnected tools, a lack of spend control tools, and inconsistent processes that ultimately affect an efficient spend management process.
The biggest challenge is a lack of complete visibility due to disconnected systems and non-availability of actionable data. This is the exact reason why Zoho Spend was built. It's one of the first solutions on the market that manages end-to-end business spend in a unified spend platform.
What's Zoho Spend?
Zoho Spend is an industry-first solution that covers all business spend categories—procurement, AP automation, business travel, employee expenses, and payroll—to get non-siloed visibility, control costs, enhance collaboration, improve efficiency, and boost profitability.
Here's a quick peek into the platform's capabilities
Procurement: From vendor management to purchase requests, sourcing, contracting, ordering, or receiving, Zoho Spend's Procurement module manages every purchasing process requirement efficiently. Learn more.
Accounts payables: From invoice extraction and batch payments to vendor credits, manage vendor payments securely with Zoho Spend. Learn more.
Employee expense: From receipt capture via the mobile app to reimbursements with pay runs, manage employee expenses end to end with Zoho Spend's tightly integrated modules. Learn more.
Travel: Empower employees to book in-policy flights and hotels from a comprehensive global inventory with Zoho Spend's online booking tool or manage all travel requests with travel desk management that supports offline bookings. Learn more.
Payroll: Run and manage compliant payroll services across all states in the US and India. Track and control one of the largest business spends across most businesses namely payroll, for complete business spend control. Learn more.
Analytics: Dig deep into spend across vendors, projects, departments, and categories with quick reports and detailed analyses.
A unified CFO dashboard: With a bird's eye view of every dollar spent across the organization, CFOs now have the visibility needed to not only plan the company's finances but also course correct and adjust budgets, limits, and allocations as needed. Want to know the root cause of spikes and dips in the dashboard graphs? Drill down with out-of-the-box analytical reports.
The 3 pillars of technology that drive excellency in Zoho Spend
Automation for efficiency
Automation across every approval process, audit, and repetitive task in procurement, expense, cards, travel, payments, and payroll in Zoho Spend aims to improve efficiency, save time, and ease day-to-day processes for finance teams across the board.
Real-time visibility and control
A single source of truth, integrated workflows and auto-sync across modules allow businesses using Zoho Spend to stay on top of every transaction, request, booking, and spend incurred throughout the organization.
Predictive analytical intelligence
Data captured across every real-time transaction incurred by employees throughout the company is transformed into actionable data, such as spend budget utilization, category-level expenditures, potential optimization opportunities, and more. This data visualization and reporting in Zoho Spend helps businesses comprehend, plan, predict, and strategize their next steps to stay ahead of the competition in a volatile and cut-throat market.
With integrated workflows, centralized data, and AI-powered automation, it's time to level up your business spend management with Zoho Spend.
We invite CFOs, finance leaders, and procurement teams to explore Zoho Spend and experience firsthand how it can support your organization’s spend management goals: https://www.zoho.com/spend/
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