Annual Trends Survey from Center Reveals Corporate Card Usage is Outpacing Software Adoption, Highlighting Need for Integrated Expense Management Solutions
BELLEVUE, Wash., Jan. 30, 2024 /PRNewswire/ -- Center, a software company modernizing expense management, today released insights from its fifth annual Expense Management Trends Survey, gathering data from over 200 finance and accounting professionals nationwide. The survey revealed a dichotomy between corporate card usage and expense management software adoption. While nearly half of respondents (46%) report increased corporate card usage, only 2% have increased adoption of expense management software, creating compliance and visibility challenges for employees and finance teams. Other findings show perennial expense management pain points such as laborious month-end closes, minimal user support and policy confusion reemerging YoY amidst a dynamic work landscape and increase in corporate travel.