Expense Automation Can Protect Your Firm against Fraud while delivering a significant ROI
Many law firms around the world have an impeccable tradition of serving their clients. But they also have a tradition of manual, paper-based expense and billing practices. Not only does this manual practice mean slower processes, but it also introduces the opportunity for fraud.
Even with many cases of expense fraud in the news, firms are leery of expense automation, often afraid of the cost of change. But ROI studies from various analyst firms all point to tremendous savings, not only in terms of efficiencies and cost avoidance, but also in policy compliance.
This whitepaper examines four keys areas that expense automation improves:
- Compliance with travel and expense policies
- Spend visibility and using this data to negotiate with vendors
- Compliance with client billing agreements
- Operational efficiencies, including productivity gains and paperless workflows
Download the paperusing the form to the right and see how the findings match up with your organization. And when you're ready to learn more, we're here to help.
Chrome River provides expense and invoice automation solutions that let business flow for more than 1,000 organizations worldwide. The company’s easy-to-use, enterprise-scale solutions enable future-readiness for its customers. As a result of this focus on innovation, Chrome River is rated as a Leader in expense management by analyst firm IDC. Chrome River’s commitment to delivering a superior customer journey by creating long-term value for its customers, makes it a preferred choice of CFOs, CIOs, AP teams, travel managers and business travelers. Details on Chrome River’s customers can be found on the company’s web site.
More than 2 million business travelers around the world trust Chrome River. To learn more, contact Chrome River at 888-781-0088, or visit chromeriver.com and its social pages on LinkedIn, Facebook, Twitter, and Instagram.
Our firm saved over 1 million dollars in travel expenditures [last year] as a result of implementing the Chrome River Expense Pre-Approval process.
It is taking us just one quarter of the time to manage the expense process as it used to.
Chrome River takes all the guess work out, forces the user to be crystal clear on where they put their money and allows us to effortlessly reimburse them.