Free Webinar
Spend Management 101: Best Practices to Consolidate, Automate, and Control Corporate Expenses
On-Demand
43 minutes
In this webinar, Rippling’s Controller discusses the importance of nailing spend management as a business, whether you’re 10 employees or 10,000. She’ll give a brief refresher of important spend management terms to be familiar with, explain today’s common challenges regarding effective spend management, and cover many best practices around spend management operations.
Sowmya Ranganathan
Controller
Eli Burch
Spend Management Solutions Expert
In this webinar, you'll learn:
Current challenges of managing corporate spend
Important considerations for effective spend management
Best practices for managing expenses, corporate cards, reporting, and more
Back
Spend Management 101: Best Practices to Consolidate, Automate, and Control Corporate Expenses
Learn about common spend management challenges, and discover best practices for consolidating expenses, enforcing policies, issuing corporate cards, and more.
Speakers
Key Takeaways
01
Managing company spend effectively is challenging
Managing many different types of spend across different stakeholders makes spend management a challenge, especially since it directly affects the bottom line. Plus, most of today's standalone tools are disconnected, making them inefficient.
02
Future-proofing the bottom line
Money is central to a company’s opportunities and risks–therefore, how you manage it is critical to a company’s success. Streamlining the spend management process saves organizations time and effort, ensures accuracy and security, and provides valuable insights about operating expenses.
03
Consolidate, control, and automate
An ideal Spend Management system should help you consolidate all of your spend data into one place, allow you to control the factors that drive spend, and automate as much of the administrative work as possible.
Quotes
Having technology to automate spend-related processes improves admin efficiency and minimizes risk of error. The best solutions can greatly reduce the frustration behind manual expense reporting, for everyone involved.
Sowmya Ranganathan
Controller at Rippling
There are a ton of other scenarios where employees are unknowingly costing the company extra, and policies are the guardrails that can prevent wasted spend.
Sowmya Ranganathan
Controller at Rippling
Standalone systems will show you expense data, but payroll (usually a company’s biggest expense) lives in a separate system and must be manually reconciled. This forces Finance to jump between systems and crunch the final numbers in Excel, which isn't ideal.
Sowmya Ranganathan
Controller at Rippling
Instead of manually adding reimbursements to payroll one by one, a system that connects spend management with payroll can add them automatically and let you review what's going to be paid out each pay period.
Eli Burch
Spend Management Solutions Expert at Rippling
Questions
How does Rippling compare to similar services?
There’s nothing quite like Rippling. The all-in-one platform offers all of the capabilities that HR, IT, and Finance admins might need to magically simplify their work. This can replace a wide range of other tools, plus, 500+ integrations means we play nicely with all of your existing tools.
We’re currently using another payroll provider, but I love the ease of Rippling. How painful will it be to make the switch?
Easy. You don’t have to wait until the end of the year. Our team will help you pick up your payroll right where your previous provider left off – including importing payroll information and analyzing to ensure taxes are filed and paid accurately, without interruption.
Can I buy each product separately? How does pricing work?
Rippling starts at $8 a month, per user. There are many ways to configure your final Rippling setup, so more detailed pricing depends on what products and services you need. You can explore our products or request a free quote.
