Streamline your growing businesses’ employee spend management
• Workshop Room 1
Businesses need to manage total spend, but often lack the time and resources to manage spend properly which directly impacts their cash flow. While their attention is focused on big ticket items, such as rent and payroll, the volume and value of their employee spend can add up quickly. Often it is not accounted for until after the financial commitment has been made and it ends up in the profit and loss (P&L) statement.
This type of spend is commonly referred to as “tail-end-spend,” and can include travel and entertainment, mileage claims, stationary, subscription payments, low value IT, personal protective equipment, uniforms, marketing expenses, and home/office supplies. It involves a high number of low-value transactions spread across many suppliers, first-time buys, single-use suppliers, and monthly subscription payments.
When you add up all employee spend it is a large cost to most businesses and is largely unmanaged for most businesses. Imagine what we could do for businesses if we helped them manage employee spend?
That is the purpose of Amex GBT Neo1 (Neo1™) - A simple, yet powerful free-to-subscribe online platform designed to help businesses better plan, monitor, purchase, approve, and reconcile employees’ business spend.
We will cover:
- Why we built an all-in-one platform
- What Neo1™ solves for
- How our customers use Neo1™
- How Neo1™ works