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Amid the current financial crisis, many companies are reinventing their “back-to-basics” approach of monitoring spending, improving efficiency, and exercising tighter controls.
More than 70 CFOs and other senior finance executives gathered in Orlando in March for the 14th annual CFO Rising Conference. One hot topic of discussion was how companies can manage spending more effectively and improve payment-process efficiency. Many finance teams recognize that a return to the basics of monitoring spending and improving payment processes is necessary.
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- The process begins with Finance
- Automation and the source to settle process
- Spend analysis
- Beyond commercial card
Download the CFO White Paper: Spend with Confidence
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Reduce Costs & Increase Efficiencies
- Minimize IT Disruption
- Automate Reconciliation
Improve Control & Compliance
- Restrict payment timing
- Increase Payment Security
Optimize Working Capital
- Maximize Days Payable Outstanding (DPO)/Float
- Increase Incentives
View Global B2B Payments Solutions
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"In these turbulent economic times, companies have a focus on value and want a better return for every dollar they spend. Many companies look to American Express to provide advice, solutions and technology that will help them control expenses and preserve the bottom line.
Serving more than 60% of the U.S. Fortune 500, we are in a unique position to understand the challenges that companies are facing in today's environment, and to do something to help."
Sanjay Rishi
Executive Vice President, U.S. Commercial Card
American Express Company
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