Your company starts to grow, and you need more technology to keep up with additional staff, customers and to help improve process. You are aware of the efficiencies and cost savings made possible by new technologies and are upgrading their infrastructures as a result.
But are you aware of How Purchasing more Technology can lead to Cost Creep?
Even a slight over-charge can add up to a considerable amount over time. No matter how corporate billing is done, it’s a mistake to think that billing today is computerized and accurate.
Without the benefit of automated vendor management solution, spotting these errors can be challenging. A vendor expense management solution captures, interprets, validates, and resolves billing issues, helping companies avoid the pitfalls of not only overpaying but wasting time looking for these errors. Validate you are paying only for what you have contracted!