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Granular Spend Management in 2023
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The article discusses the growing importance of granular enterprise spend data for informed decision-making, driven by the adoption of virtual cards and other payment innovations. Notable marketplace announcements by companies like Expensify, Uber for Business, Conferma Pay, and Mastercard have enhanced expense management capabilities. The article emphasizes the significance of digital transformation in the corporate world and the increasing preference for digital payment methods among the younger generation.
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How can AI further optimize financial workflows and payments in the spend management space?
How might the increasing adoption of virtual cards impact traditional payment methods?
What are the potential challenges associated with implementing granular enterprise spend data?
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