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The Definitive Guide to Spend Management.

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The road to spend management.

A letter from Thejo Kote, Airbase Founder and CEO.

I started Airbase as a response to something I saw too much of while running my first company: well-educated, truly intelligent people sacrificing huge amounts of their time doing low-value work. My talented finance team got bogged down in the chaos of approvals, time-consuming expense management, and repetitive manual bookkeeping tasks. What’s more, inefficient processes and inadequate tools meant that I was unable to get an on-demand, real-time view of what we were spending as a company.

As I learned more, I came to realize that the status quo for AP in small and midsize companies is broken; that the disparate systems for operating a business’s transactions were relics of technical limitations that no longer existed. Using the design-thinking concepts that are central to our product design approach at Airbase, we have taken a holistic view to fix this broken process. First and foremost, and ongoing in this undertaking, was/is a deep understanding of our users’ needs and how technology can best meet them.

Spend management is a different way of thinking about spending company money. It frees up time from manual tasks, and provides the tools for finance and accounting professionals to contribute insights, analysis, and strategic thinking; in short, making them more valuable to their companies. Spend management is an important innovation whose time has come.
Thejo Kote, Founder and CEO, Airbase
Thejo Kote
Founder and CEO, Airbase
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The Definitive Guide to Spend Management.

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01

The road to spend management.

A letter from Thejo Kote, Airbase Founder and CEO.

I started Airbase as a response to something I saw too much of while running my first company: well-educated, truly intelligent people sacrificing huge amounts of their time doing low-value work. My talented finance team got bogged down in the chaos of approvals, time-consuming expense management, and repetitive manual bookkeeping tasks. What’s more, inefficient processes and inadequate tools meant that I was unable to get an on-demand, real-time view of what we were spending as a company.

As I learned more, I came to realize that the status quo for AP in small and midsize companies is broken; that the disparate systems for operating a business’s transactions were relics of technical limitations that no longer existed. Using the design-thinking concepts that are central to our product design approach at Airbase, we have taken a holistic view to fix this broken process. First and foremost, and ongoing in this undertaking, was/is a deep understanding of our users’ needs and how technology can best meet them.

Spend management is a different way of thinking about spending company money. It frees up time from manual tasks, and provides the tools for finance and accounting professionals to contribute insights, analysis, and strategic thinking; in short, making them more valuable to their companies. Spend management is an important innovation whose time has come.
Thejo Kote, Founder and CEO, Airbase
Thejo Kote
Founder and CEO, Airbase
Ask me anything

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