LOS ANGELES, May 6, 2011 – Chrome River Technologies, Inc., a leading provider of expense reporting and invoice automation, is pleased to announce that an article authored by co-founder and CEO Alan Rich has been published in the International Legal Technology Association’s April 2011 White Paper focused on financial management.
ILTA provides technology solutions to law firms and legal departments, encouraging the sharing of knowledge and experience among peers, and secures experts from their vendor and consultant community to contribute to white papers on a wide range of subjects. Rich’s article, Online Expense Management: The Reinvention of a Critical Business Process, examines the tangible benefits gained by automating the fundamental business process of expense reporting and reimbursement.
“Many organizations are still utilizing manual or only partially automated expense report management solutions partly due to a skepticism that automation will offer a return on investment, however, there is an abundance of research now that demonstrates almost instant ROI across many aspects of a business,” said Alan Rich. Recent research by PayStream Advisors has shown that migrating from a manual to automated expense management system can cut the overall cost of processing each expense report by more than half.
Among the benefits Rich explores and details in his article are improved operational efficiencies, better spend visibility for enhanced decision-making, changed behavior leading directly to hard cost reductions via greater transparency and minimized risk exposure. To read Rich’s article in its entirety, click here. To access the full ILTA White Paper, click here.
About Chrome River
Chrome River Technologies, Inc. provides expense reporting and invoice automation solutions that uniquely combine the latest available internet technologies with over 25 years of financial systems experience. Chrome River delivers immediate payback via a “Software as a Service” delivery model that requires no hardware, no software, and no long-term commitment. This unique service is easily configurable to meet the needs of organizations worldwide with complex expense management policies and collaborative approval processes. Additional information about Chrome River Technologies, Inc. and its solutions may be obtained by phone at 1.888.781.0088 or by visiting the company website at www.chromeriver.com.