$33bn Spent by US Businesses Each Year Due to Outdated Corporate Expense Systems, Says New Research

Exclusive new survey shows true cost of managing expenses for US businesses

  • Total cost of managing expenses almost $33bn for leading US businesses
  • $1m average annual costs for managing business expenses for businesses with +500 employees
  • 90% of businesses report difficulties reconciling payments on cards used by multiple members of staff
  • On average, 328 members of the staff are authorized to make purchases on behalf of the company
  • 90% look to mobile payments as a so ...
To continue reading, sign up for MEDICI Inner Circle and get free access for 30 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.