Spend automation + AI
8 Ways Higher Ed. Institutions Can Reduce Unnecessary Spend and How AI Can Help
Controlling corporate spend is always high on the list of priorities for CFOs and every year brings about another complication. It’s not uncommon for faculty members to accidentally submit duplicate or out-of-policy expenses, which are easily overlooked in the expense report shuffle.
AI-powered spend automation allows your finance team to accurately identify high-risk spending without wasting time or budget.
Controlling Corporate Spend
Controlling corporate spend is always high on the list of priorities for CFOs and every year brings about another complication. Yet corporate expenses remain notoriously difficult to control.
Higher education spend management
8 areas of higher education expense risk
Problematic expenses come in many forms. Sometimes, faculty members don’t fully understand their institution’s policy. Sometimes, they’ll submit an expense by mistake, and sometimes they test the limits. No matter their intent, out-of-policy expenses can add up to significant spend leakage.
Read about the 8 common risks AI-powered spend automation systems look out for.
Hybrid work-from-home expenses
Out-of-policy expenses
Duplicate expenses
Unique policy compliance requirements
Ready to unlock spend automation?
At a time when spend management is more critical than ever, doing more with less is critical for higher education institutions. AI-powered spend automation allows your finance team to accurately identify high-risk spending without wasting time or budget.