Leading regional corporations’ ERP systems are only 65% ready for immediate cash-flow forecasting and analysis, with the rest requiring manual intervention, potentially because of the need to input expenses tracked through multiple systems. As a result, 92% of leading regional corporations do not have access to analytic reports that provide real-time cash visibility*. (*1 The 2014 Visa Cash Flow Visibility Index research was done in August-September with CFOs / Treasurers of 811 leading corporations in ten countries to better understand challenges that organizations may face with managing cash flow and ensuring visibility and predictability. The research was done by East & Partners, an independent specialist business banking market research and analysis firm. Regional data cover findings of Australia, Hong Kong, India, Japan, Malaysia and Singapore.)
Spend management capabilities enable businesses to gain visibility, establish and enforce controls in order to manage business spend. They help to achieve objectives such as reducing costs associated with doing business, including spend on goods and services for direct input or indirect material costs, office supplies and other expenses that do not go into a finished product developed by the company. This process includes corporate and procurement expenses management, compliance management and spend analytics.
