CFO Spend Visibility Report: Challenges & Solutions

As CFOs and their companies consider lessons learned from the COVID-19 health crisis, one area of scrutiny will be their corporate travel and expense systems. Duty of care responsibilities—keeping employees safe during their travel—becomes a mission-critical priority, as do controlling costs and saving money as companies get back to business and travel to drive business recovery. With this new reality, data and analysis to support real-time travel and spend management also become critical.

Yet a recent survey, conducted at the onset of the COVID-19 outbreak, shows that many companies lack mission-critical data, analytics and insight from their travel and expense systems. This includes data that CFOs need for real-time spend visibility and control, and that other parts of the organization need for ensuring employee safety while on the road. This report examines those findings and the reasons why many corporate travel systems are falling short for enterprises of all sizes, industries and geographies around the world.