According to a 2023 survey from CPA.com, spend management offers the next great advisory opportunity for firms. 63% of survey respondents say that spend management offers a new revenue stream for their firm with 74% of those same respondents saying that it helps them retain clients.
Offering spend management CAS requires a spend and expense management platform that can help you proactively set and manage client budgets, gives you insights into client spend for better forecasting, and automates the traditionally time consuming tasks associated with expense management reconciliation for your team so they have more time to spend advising clients.
