siliconindia | | APRIL 20234Foster Money Management Adopting Effective Expense Management SolutionsAs Bradley Vinson once said~ `Money is a tool! Used properly it makes something beautiful, used wrong it makes a mess', the best can be only achieved by proper managing of expenses. Most of the materialistic necessities of life and business/industries needs are met through money only. In this technology fed era, where industries and markets have overhauled and expanded developing on new technology and automated solution, expense management space also faced its share of growth. Since historic times, we've definitely come a long way from recording on stone tablets and using bone tokens to keep track of transactions, and more so, using the prowess of technology solutions. In today's business environment, expense management solutions companies are dynamically helping business and individuals manage their expenses by providing with diverse, top-notch automated expense management software systems and tools. Today, even in the organizational set-ups, the Expense management systems help automate the recording, tracking, approval and payment of reimbursable expenses incurred by employees. The market analysis stats relay that automated Expense Management Solutions market size is projected to become a multimillion dollar by 2029, growing at a significant rate from present. Many major technology players such as IBM Corporation, Concur (SAP), NetSuite, Paychex, Apptricity Corporation, Oracle Corporation, Certify, Infor, Expensify, Chrome River Technologies, Baseware, and others have been looking into Automated Expense Management Solutions as a way to increase their market share and reach towards consumers providing with enhanced Expense Management software as solutions. A report by Fortune Business Insights estimates the global travel and expense management software market to grow from $3.19 billion in 2023 to $7.91 billion by 2030, exhibiting a CAGR of 13.9 percent.Finding the volatility of the Expense Management Solutions market, it might be difficult for many to choose the right Expense Management solution for their business and other needs. We recognizing some doyens who have been efficient in the space, have come up with a list of `10 Most Promising Expense Management Solution Providers - 2023' through our current edition of siliconindia Technology Magazine.Do read through and let us know what you think!Mandvi SinghAssistant EditorEditorial PublisherAssistant EditorAssociate EditorAlok ChaturvediMandvi SinghIndranil ChakrabortyVol 10 · Issue 08 - 02 · APRIL, 2023Editorial TeamHeena KousarHima P. M.Avinash Barik.Honey KumariManager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designers Hari Shankar P AMohammed RafikGM- Sales & MarketingRohit KumarAdvertising ManagersBhaskar Bibek Nayakadvertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Publisher Alok ChaturvediCopyright © 2023 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindia
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