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The data resonated with the audience. Rahul disclosed a few interesting insights which he found in his analysis of spend data for top 500 companies in our client base.
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The changing spend buckets in the New Normal
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- Companies are spending more to make employees comfortable working from home by reimbursing the setup cost. “Communication expense” is one of the new categories which popped up in recent times and ‘headset’ being the most often reimbursed commodity.
- Employees’ mental well-being and health subscriptions for a major focus for corporates. Health check-ups are a very common spend category in recent times and “Health Checkup” being the most common reimbursed expense.
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Rahul added “ These trends vary organization to organizations and are also industry dependent. But we have noticed that the volume of transactions is still the same. The categories like hotel booking, refreshments which occupied a major chunk till a few months back are replaced by new categories which never existed before.”
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Analytics on organizational expenses can help make business decisions more efficiently. With Happay’s “Spend Insight” module you can keep a track of the expenses in your organization. Happay Spend Insights will enable you to see actionable insights with 5 intelligent modules:
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- Spend Analysis
- Policy Creator
- Compliance Monitoring
- Saving Analyser
- Efficiency Meter
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Check out our webinar below to learn more in detail.
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