Research

In 2013 Ernst & Young and American Express conducted a comprehensive research among leaders of top Russian and international corporations operating in Russian market. The research was aiming to assess trends in corporate expense management, readiness to implement the world best practices in this area. As well researched had covered comparison of Business Travel Account to other expense management/payment tools specifically in Russian business environment.

According to the research 66% of business leaders put significant attention to increase of payment terms with vendors in order to free up working capital and improve quality of payment document processing. Moreover 73% had confirmed that they are ready to implement expense management best practices to optimize relevant business processes and achieve better transparency and cost saving.

ernst and young research chart