Taking Control of Costs: New Tech Makes Business Spend Management Easier
For corporates, the goal, especially in the current inflationary environment, is to squeeze margins higher. Discover how companies leverage AI and data to control costs.
What is the current focus for businesses in managing costs?
Companies are focusing on squeezing margins higher by increasing sales momentum while being judicious about costs. This involves automating and controlling operating expenses through various platforms and payment instruments.
How are virtual cards impacting business spend management?
Virtual cards are becoming increasingly recognized for their simplicity and security. Firms that do not use virtual cards face an average revenue loss of 4.6% due to payment uncertainties. The global value of virtual card transactions is expected to grow significantly, indicating their potential to enhance cash flow visibility and efficiency in B2B spending.
What recent developments are shaping spend management platforms?
Recent advancements include Paylocity's acquisition of Airbase to create a consolidated spend management platform, Coupa's addition of over 100 AI-powered innovations, and Corpay's launch of a mobile-ready spend management solution. These developments aim to simplify corporate payments and enhance expense management through better integration of transactional data.
Taking Control of Costs: New Tech Makes Business Spend Management Easier
published by Mayhem Shield
Mayhem Shield is a leader in AI-powered, cloud-agnostic solutions, specializing in cloud migration, artificial intelligence (AI), machine learning (ML), and generative AI on platforms like Google Cloud, Amazon Web Services (AWS), and Microsoft Azure. Our customer-centric approach and unwavering commitment to excellence set us apart, delivering cutting-edge AI solutions that surpass expectations and proactively address and resolve potential challenges.
What Sets Mayhem Shield Apart
- Experts, Professionals, and Integrated Solutions Teams: Our team comprises certified cloud architects, engineers, and cybersecurity professionals who analyze, research, design, and implement cutting-edge solutions.
- Innovative Processes and Methodologies: We leverage proven methodologies and best practices to ensure seamless cloud migrations that align with organizational goals such as cost reduction, innovation, and scalability.
- Proactive Client Relationship Management: We focus on building long-term trusted partnerships with our clients, providing continuous support and optimization.
- Strategic Blend of Technology, AI, Cloud, and Cybersecurity: Our comprehensive approach ensures that clients can concentrate on their primary goals while we guarantee optimal performance and results across their cloud infrastructure.
Core Capabilities
- Zero Trust Security and CMMC Compliance: We implement robust security measures to protect your data and ensure compliance with industry standards.
- Advanced Cloud Migration and Security Solutions: Our expertise in cloud migration helps businesses transition their IT infrastructure and workloads to platforms like Google Cloud, AWS, and Azure.
- Generative AI, Machine Learning, and Artificial Intelligence: We assist businesses in harnessing next-generation technologies to drive enhanced analytics, better decision-making through data-driven insights, improved operational efficiencies via automation and robotics, and innovation in products and business models.
- Data Cleaning, Annotation, and Labeling: We provide comprehensive data services to ensure the quality and accuracy of your data.
- Comprehensive Cybersecurity and Compliance Measures: Our cybersecurity solutions protect your cloud environments and ensure compliance with regulatory requirements.
Certifications and Partnerships
- State Certifications: Texas CMBL (18843147275) and HUB.
- Federal Certification: Pending SBA – 8(a).
- Contract Vehicles: GSA IT Schedule 70 (JV), Omnia Partners – R220802, and NASPO (JV).
- Partnerships: We are partnered with leading technology companies such as Ingram Cloud, Microsoft, AWS, Google Cloud, NVIDIA, OpenAI, and others.
Our Commitment
As experts in Google Cloud, AWS, and Azure, Mayhem Shield leverages the most advanced, reliable, and innovative cloud and AI technologies available today. Our focus is on being a long-term trusted partner to every customer, providing the technical knowledge, solution design, and hands-on implementation and optimization support required to make advanced cloud and AI solutions a core competitive strength. For more information, visit our website at www.mayhemshield.com or contact us at info@mayhemshield.com.
Sign in with LinkedIn