Negotiate smarter: How data transforms vendor deals
Finance teams face mounting pressure to control costs while still enabling organizational growth. However, only 39% of companies have real-time visibility into their T&E spend, meaning most expense categories—and negotiation opportunities—are left in the dark.
This infographic shares helpful tactics for finance leaders to use to negotiate better deals with vendors.
The path to negotiating better deals:
- Transform spend control with data-driven insights
- Turn compliance into negotiation power
- Leverage payment data effectively
- Build trust through transparency
Business travel spend will reach $1.48 trillion by the end of 2024. Companies that leverage comprehensive data and analytics get a more holistic, accurate, and real-time picture of this enterprise spending—leading to stronger vendor negotiations and better deals. Don't leave money on the table. See how data transforms vendor negotiations and drives better business outcomes.