Corporate Card Usage is Outpacing Software Adoption
Friday, February 2, 2024
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Posted by: Sierra Lindemann
Center has unveiled insights from its fifth annual Expense Management Trends Survey, revealing a significant gap between increased Corporate Card usage and the adoption of expense management software. With 46% of respondents reporting a surge in Corporate Card usage but only 2% experiencing an uptick in software adoption. This presents many challenges, including compliance issues and visibility gaps for both employees and finance teams. As decentralized workforces and a resurgence in business travel complicate expense management further, the survey underscores the critical need for seamless software integration to track and control employee spend.
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