Expense Management Software and Integrated Platforms
Cloud computing and Software as a Service (SaaS) are today gaining more and more acceptance and adoption. By clearly highlighting the various benefits of the SaaS method of delivery, service providers have succeeded in gaining customers. Today, there exist millions of software applications in the marketplace, and customers have a lot of choice while picking the software that is best suited to their needs.
However, one of the obstacles to the widespread adoption of SaaS is integration. Organizations sometimes find it harder to seamlessly integrate existing on-premise applications with SaaS applications in the absence of an affordable end to end solution. Also, in many cases, disparate systems working together offer neither any value addition nor business synchronization.
The solution to these problems is a SaaS Integration Platform (SIP), which allows service providers to bundle multiple applications together and offer the integrated platform as a solution to all the organization’s needs. An SIP provides a single interface to access multiple applications, leverages the benefits of cloud computing, eliminates the need for data duplication, and provides cost benefits in the long run.
Travel booking and expense reporting solutions make good candidates as the core services in an integrated travel and expense management platform. Add to this several add-on modules like Wireless Expense Management, Procurement Management, Asset Management, and Customer Relationship Management, and we get a comprehensive solution that lets organizations manage all their business needs from a single interface through an integrated solution.
By integrating several solutions and offering it as one, service providers can also add greater value to customers and organizations find greater synchronization in business. Through APIs, SIPs also integrate with other third party applications and allow other developers to add additional features to the platform. An integrated T&E platform brings in great number of benefits to the customer, from reducing manual efforts to increasing business synergies.