Historically many organizations have been hesitant about adopting the latest technology to assist with expense management. While it's undeniable that a human touch is required in verifying expenses, many companies continue to overlook the numerous benefits AI can bring.Rather than resulting in a loss of control, AI can help busy employees detect and flag fraudulent expenses efficiently. However, before the pandemic, even pioneers like Expensify reported that most customers were only using a portion of the automation capabilities they could provide.So what advantages can AI bring for businesses looking to be more strategic about their travel and expenses, and how has the pandemic altered the uptake of this technology worldwide?
After the trials and tribulations of 2020, companies are keen to get their teams traveling internationally again. Whether meeting crucial clients or checking in with colleagues, business travelers are back accruing travel expenditure that needs reporting.However, the need to be efficient, streamlined, and agile has never been more apparent. Corporations have seen how employees can adjust to new technology and desire to free their teams from menial tasks to concentrate on new strands for development.After eighteen long months of working from home, many companies can acknowledge some value in being less dependent on a head office. Lockdowns have demonstrated that embracing systems you can access worldwide could continue to prove vital in the coming years. Plus, creating simpler automated workflows sets companies up for successful expansion, especially when employees stretch across different continents.