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Automated Expense Management

oboloo Glossary

Automated Expense Management

Automated Expense Management (AEM) is the use of software and services to automate the process of tracking, reporting, and managing business expenses. Through its ability to reduce manual labor and streamline financial processes, AEM can help businesses save time, resources, and money. Additionally, AEM can help improve visibility into spend, enhance budgeting accuracy, and ensure compliance with policies and regulations. By optimizing how expenses are managed, AEM can significantly improve efficiency and effectiveness of financial operations.

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