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Buyer’s Guide to Spend Management:

Six performance criteria.

What you will get:

  • An evaluation framework to help put the alternative spend management vendors into context.
  • A comparison of how key competitors stack up against the six performance criteria.
  • A vendor assessment template so that you can create your own side-by-side comparison table of any vendors you wish to review.
  • A tool to weight the importance of over 80 features and capabilities to reflect your circumstances and needs so that your evaluation leads to the right conclusion for your company.

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Guides and ebooks

Buyer’s Guide to Spend Management:

Six performance criteria.

What you will get:

  • An evaluation framework to help put the alternative spend management vendors into context.
  • A comparison of how key competitors stack up against the six performance criteria.
  • A vendor assessment template so that you can create your own side-by-side comparison table of any vendors you wish to review.
  • A tool to weight the importance of over 80 features and capabilities to reflect your circumstances and needs so that your evaluation leads to the right conclusion for your company.
Trusted by finance teams at all stages

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What you’ll learn.

All Guides and ebooks

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Trusted by finance teams at all stages
Jason Lopez, Controller at Lattice
Diana Ngo
Senior Director of Finance
,
YourMechanic
It’s very hard to imagine doing business without Airbase now. It’s the new best business practice.
Jason Lopez, Controller at Lattice
Diana Ngo
Senior Director of Finance
,
YourMechanic
It’s very hard to imagine doing business without Airbase now. It’s the new best business practice.

What you’ll find in this guide:

To evaluate the spend management alternatives, we examine the major players in relation to the following six performance criteria. These criteria can also be applied to any other vendors your company may wish to consider:
01

Full platform.

A true spend management platform consolidates functionality for bill payments, corporate credit card programs, and employee expense reimbursements, all supported by approval workflows, real-time reporting, and accounting automation. As of this writing, there is only one full spend management platform solution for small to mid-market companies.

02

Depth of features.

Consolidation of three products doesn’t mean compromising on functionality for any of them. The best spend management platforms offer feature parity plus when compared to point solutions.

03

Flexibility.

In today’s business environment, finance teams need to be agile and responsive. So too do the systems they use, including options to purchase the functionality needed, customizations to fit your company’s needs and policies, ability to select from all payment types, and more.

04

Integrations.

Native integrations with ERP platforms allow for greater automation. Integrations into HRIS systems for provisioning and deprovisioning, and communication tools, streamline the workflows for accounting and finance teams.

Want to learn more about spend management?

Read our Definitive Guide to Spend Management.

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Read the Article
05

Scalability.

Ensure your spend management platform will grow with your company by offering features for more complex organizations, like international payments and subsidiary support. Scalable solutions can take a business from founding to IPO.

06

UI/User experience.

Even the most innovative features won’t help a finance team, or be embraced by employees if the platform is difficult to use. Find out what to look for to ensure a positive experience for everyone.

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07

As a bonus, we include a vendor assessment template. This downloadable, interactive tool lets you select the vendors you want to review in a side-by-side chart. With over 80 features and capabilities to assess, the template lets you weight each one depending on its importance to your operation. Lay out the alternatives, communicate them with the stakeholders in your company and make the decision easy for everyone.

08

Learn about the features of a spend management system.

Join Off the Ledger private Slack community 
for finance and accounting pros only.

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Learn how to cut your time-to-close in half with Airbase.

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