Improving Financial Performance: Challenges Driving Spend Management System Adoption

Spend Management Headaches Push SaaS Firms to Automated Systems

A new PYMNTS’ survey of 225 SaaS firm executives for the “Improving Financial Performance: Challenges Driving Spend Management System Adoption” report, an Airbase collaboration,  showed that accessing real-time data is so challenging when managing non-payroll spend that 76% said they’d pay for a system to help.

Inside the November/December Playbook
  • 40%: Share of firms without a spend management system have experienced difficulties accessing real-time data
  • 32%: Share of all SaaS firms that cite lost expense receipts as a key challenge
  • 62%: Share of firms facing difficulties around lost expense receipts that are interested in using a spend management system and very or extremely willing to pay for one

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