Austerity measures, the demand for greater control and the on-going need to ensure compliance with expenditure and approvals today are placing tremendous pressure on corporations and governments.
Unfortunately, traditional systems that separately track only travel, telecommunications and IT expenditures, for example, as well as multi modal payment methods are not able to provide total and real-time visibility that is required to ensure that cost management, process efficiency and compliance objectives are sufficiently met.
This paper by Visa details the value that a new system called ‘total transaction management’ can deliver. It highlights the benefits of bringing together expense and compliance management systems, integrating payment data into a single platform, and the analysis of expenses. This comprehensive system ensures greater cost control and assists in budget forecasting and planning.
The paper also takes readers through the action steps that will facilitate the successful implementation and adoption of total transaction management.
- Evolution of Total Transaction Management
- Building the Business Case
- Value of Cost Management
- Value of Process Efficiency
- Value of Governance
- Critical Success Factors