6March-April 2017Copyright © 2017 ValleyMedia, Inc. 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 thereof.MARCH - APRIL - 2017Mailing AddressValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510 230 0396, F:510-894-8405 March - April - 2017, volume 03 - 02 Published by ValleyMedia, Inc. To subscribe to CFO Tech OutlookVisit www.cfotechoutlook.com Managing EditorSarah DawsonEditorial StaffSalesAaron Pierce Ava Garcia Joshua Parker Akanksha MinzFrank Noel Sarah Fernandes VisualizerStephen ThomasTravel Expense Management SpecialJennifer Stephenjennifer@cfotechoutlook.comEditor's NoteSarah DawsonManaging Editoreditor@cfotechoutlook.comCorporate travel expense management underwent significant changes in 2016, primarily driven by the adoption of new technologies. While monitoring and analyzing the travel expense transactions across the enterprise isn't easy, innovations in the form of digital payments, mobile technologies, and automation are making tracking, reporting, and analyzing business trip expenses simple and effective.The rise of robots--a.k.a. automation--is an indication that emerging travel expense management technologies are set to propel greater operational efficiency across the enterprise. Fuse automation with accounting and human resources, and the efficiency floodgates will be thrown open. But it is imperative to retire the use of hybrid systems--where a combination of automation and human interaction is used to parse receipt data, advance workflows, and manage other critical processes--and embrace true automation. Only then is it possible to eliminate the risk of human error and experience the immediacy of automation--unshackling accounting professionals from the need to intervene in processing expense reports, and enabling them to focus on other essential activities.And rightly so, organizations, being aware of the travel expense pain points they experience on a continual basis, are taking measures to bring in efficiency. They are leveraging web-based systems to reduce expense report processing costs, gain control over travel expense spending, and increase visibility into expense data. But technology is just one side of the equation and it singlehandedly cannot meet an enterprise's objectives in a comprehensive manner; employees are critical to the success of a company's expense program. It is crucial for organizations to create a culture of travel expense compliance where employees have a clear understanding of the policies.In this age, where access to new technology is increasing and the market is becoming highly competitive with a diverse range of choices from new and established companies, CFO Tech Outlook presents its travel expense management edition. We hope the insights from industry thought leaders and solutions from innovative technology companies featured in this edition help in streamlining your travel expense management.Automation for Scaleand Simplicity*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staff
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