$33bn Spent by US Businesses Each Year Due to Outdated Corporate Expense Systems, Let`s Talk Payments, 23rd April 2016

Exclusive new survey shows true cost of managing expenses for US businesses

  • Total cost of managing expenses almost $33bn for leading US businesses
  • $1m average annual costs for managing business expenses for businesses with +500 employees
  • 90% of businesses report difficulties reconciling payments on cards used by multiple members of staff
  • On average, 328 members of the staff are authorized to make purchases on behalf of the company
  • 90% look to mobile payments as a solution to current problems

Read the whole story on the Let`s Talk Payments website