For any successful business, the ability to measure profitability by tracking, controlling, and allocating expenses is critical—regardless of whether that's measured by location, department, product, or service category. Without proper resources, measuring profitability becomes not just complicated but time-consuming and costly.

In this session, the presenter will discuss how to develop the "best spend" management strategy by choosing the right application, developing the right workflow, and following best practices.

Choosing the right enterprise resource planning (ERP) tool, like Sage Intacct, will take you halfway there, but choosing a spend management application such as Divvy helps greatly simplify the employee expense process and allows professionals to track business expenses while maintaining healthy cash flow.

Learning Objectives:

• Identify the importance and need of spend management


• List best practices for proper allocation, categorization, and dimensional tracking


• Recognize how to select efficient workflows and optimal processes


• Recall the right tools and technology to support automation


• Give examples of how to create visibility and audit support for tax deduction