Did you know that the first SaaS solution was a customer relationship management platform that launched in 1999? Since then, software as a service has taken the world by storm. With new managed services being launched at a breakneck speed, it’s important to stay up to date with the different options.
Keep reading to find out more about the top three SaaS-based expense management trends to keep an eye out for!
1. Native Advertising
Native advertising is the perfect solution if you’re trying to manage your advertising expenses while also getting the best results for your money. Native advertising is paid media that appears on a variety of social networks, and they are blended to match the look and feel of the platform they are on.
With ad blocking, internet users are opting out of seeing ads while online. With native advertising, you can get around this obstacle and not waste your money on ads that no one will see.
Native ads connect you to audiences without them really noticing it since they are less disruptive than normal ads, and they bypass ad blockers.
2. Business Analytics
Data analytics is one of the top SaaS trends of 2022 and is one of the main components of many SaaS services. A business analytic management solution allows companies to collect customer information that can be analyzed to help them grow their business and customer base.
Business analytics can also be incorporated into an expense management solution to help a company identify areas where they can lower costs or point out areas of the market to capitalize on.
3. Workflow Automation
Workflow automation is essential if you want to make the best use of your staff’s time. By using a workflow automation SaaS program, you can improve the way a problem is approached and find the simplest solution.
The goal of workflow automation is to create a workflow that:
- Finds redundant tasks
- Identifies areas that can be improved on
- Automates as many work processes as possible
- Increases work efficiency
By automating tasks, you will be freeing up staff to work on problems that are more complex and need human interaction. This will speed up the entire process, allowing your company to deliver work faster, and keep staff engaged since they aren’t repeatedly doing the same tasks.
There are also some pitfalls to avoid when choosing a technology expense management solution, so make sure you do your research before taking the plunge.
Expense Management Made Easy
When it comes to expense manage,ment, it is important to keep up with the rising trends to stay ahead of the market. SaaS-based expense management is driving digital transformation, so you need to make the change now. So go ahead and start looking at managed services to make your life easier.
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