Paper is slowly becoming a thing of the past in the world of travel & entertainment expense management. The emphasis
on corporate cost containment and fraud mitigation during the past few years has prompted accounts payable
professionals to seek new ways to automate traditionally paper-based and labor-intensive expense management
processes. Our research indicates that businesses are turning to a set of technologies we refer to as Travel & Expense
Management (TEM) solutions that streamline the expense submission and reimbursement cycle to meet these new
requirements for efficiency and control. In this report, the analysts at PayStream Advisors have attempted to profile the
use of expense management automation solutions at US based enterprises. Our analysis is based on survey results and
more than seven years of research findings.
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