a new hope for employee spend management

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Page 1: A new hope for employee spend management

©2016 Deem, Inc. All rights reserved.

Page 2: A new hope for employee spend management

A short time ago, in a companylike yours...

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Page 3: A new hope for employee spend management

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Page 4: A new hope for employee spend management

Bring balance to The Force.

Imagine if the universe in Star Wars had no Force, or the Dark Side

prevailed over the light? As Yoda said, "Fear is the path to the Dark

Side. Fear leads to anger. Anger leads to hate. Hate leads to

suffering." And so on. This path is the direct result of a lack of

balance — an issue plaguing many companies today.

Without a balancing Force, your company and employees

remain frustrated with unnecessary processes while wasting

precious time and money — the corporate equivalent of turning

to the “Dark Side.”

Help me Obi-Wan Kenobi, you’re my only hope!

R2-D2

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Page 5: A new hope for employee spend management

Table of contents

Too many systems 6

Employee frustration 7

Wasted time 8

Budget overages 9

Competitive hiring market 11

All-in-one platform 12

The Deem Employee Spend suite 13

Deem ebook

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Page 6: A new hope for employee spend management

Too many systems complicate life.

Technology should simplify your life, not over complicate it. On

average, companies use 13 different systems to manage their

employee spend, 7 of which are software platforms or online

tools (Wakefield, 2015). Using too many systems can create

additional problems, rather than solving existing ones. If none of

these systems talk to each other, you have created a trap for your

employees because the entire picture of employee spend is invisible.

Additionally, managing employee spend becomes reactionary, which

costs your company time and money.

Instead of feeling like Admiral Ackbar upon realizing that the Death

Star’s shield is still up and your fleet is in trouble, help ensure victory

by simplifying spend processes for your employees while

simultaneously cutting costs and driving profits.

it’s a trap!ADMIRAL ACKBAR

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Page 7: A new hope for employee spend management

Your employees are frustrated.

i find yourlack of faith

disturbing.DARTH VADER

Spend Area Avg. Number of Complaints

Booking employee travel 27

Receiving employee reimbursements 24

Employee dining 22

Shipping packages 19

Purchasing office supplies 19

of employees complain

about process and systems.98%

20157

Page 8: A new hope for employee spend management

Wasted time on manual and disconnected processes.

The time required to learn, navigate between, and interact with

dozens of disparate systems is intensive and takes employees away

from their direct revenue-generating job activities. Not even the most

diligent worker can remember the login passwords to 10+ systems

without keeping track of them in a separate document or using yet

another system. As a result, employees are constantly having to reset

passwords or reach out to admins to gain access, which inevitably

wastes even more time and money.

Employees need time to focus and complete their work. Similarly, a

Jedi must remain resolute and patient to complete their training.

Employees who get bogged down in unnecessary processes suffer

from a lack of productivity, wasting time and money — leading your

company on a path to The Dark Side.

These aren’t The Droids We’re looking for.

STORMTROOPER

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Page 9: A new hope for employee spend management

Budget overages due to out-of-policy spend.

Stay on target.RED LEADERBudget Area % of PDMs Who’ve

Exceeded Budget

Exceeded travel budget 81%

Exceeded office supply budget 74%

Exceeded employee dining budget 72%

Exceeded shipping/postage budget 70%

of their employees don’t always use the lowest prices

available for purchases98%

2015

have exceeded their budgets for travel, office supplies,

employee dining, and/or shipping expenses.93%

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Page 10: A new hope for employee spend management

Don't leave compliance to chance.

The problem is that even if employees wanted to comply, your

intricate web of disparate systems are scattered across the galaxy like

the remnants of Alderaan post Death Star blast. You are leaving policy

compliance to chance. By having your policy, negotiated rates and

preferred vendors integrated into an all-in-one platform for employee

spend, it's impossible for your employees to go rogue.

C-3PO likes to rattle off the odds R2-D2 calculates for survival, and

Han Solo always says never tell them to me. That may work for a

scruffy looking nerf-herder space pilot, but in the world of finance, you

can’t leave your fate to luck. By eliminating multiple, disconnected

systems for managing employee spend, you’ll improve efficiency and

spend utility and help grow your business.

In my experience there is no such

thing as luck. OBI WAN KENOBI

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Page 11: A new hope for employee spend management

Is your tech a help or hindrance to hires?

In today’s competitive job market, the type of technology a company

uses has become a perk and is often commented on on employee-

review websites. Frustrating employees and wasting their time with

outdated company policies and tools can damage a company’s ability

to retain and motivate them.

Think about how you’ve consolidated the tools and processes in your

own life. If you’re booking a trip do you book it through one site that

compares multiple carriers or do you go to individual websites of

many different airlines, hotel chains, and car rental companies?

The answer to this question is self-evident. You do what’s simple —

using an all-in-one place to fill all your travel and shopping needs. But

why then does your company not offer the same simplicity for

employee spend?

I’d just as soon kiss a wookie!

PRINCESS LEIA

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Page 12: A new hope for employee spend management

I’ll not leaveyou here, I’ve

got to save you. LUKE SKYWALKER

Bring balance to The Force with an all-in-one platform.

Imagine you find yourself in a galaxy far, far away,

and your employee needs to:

Purchase a box of power converters from

Tosche Station.

Ship “Death Star” architectural plans to a trusted

Rebel colleague.

Book transport using a preferred starliner like the Millennium

Falcon, with pre-negotiated rates and within budget.

File an expense report to Admiral Ackbar to be reimbursed

for this intergalactic journey.

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Page 13: A new hope for employee spend management

Become a Force for change.

A single platform allows decision-makers to identify problems sooner,

before they balloon or become permanent. It helps employees get

reimbursed for expenses faster and ensures that fewer expense

reports and purchase orders are submitted with policy violations.

• Ensure correct vendors are used.

• Manage spend creep.

• Control purchases.

• Increase savings.

• Manage out-of-policy spend.

Do or do not. There is no try.

YODA

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All-in-one platform

When each of these functions, purchasing supplies, shipping plans,

booking travel, and filing an expense report is done with an all-in-one

solution, each step communicates directly with the other as part of a

whole cohesive unit — bringing balance to the Force.

ShoppingOrder from customizable catalogs that include your company

policy and negotiated rates at point of purchase.

ShippingKeep costs low for your company by comparing shipping

options, rates, and delivery times all in one place.

TravelBook, change, or cancel your travel plans and never spend unnecessary

time planning frequent business trips — all while remaining on policy.

ExpenseEliminate manual data entry, enable mobile receipt capture,

and report on the go with a convenient mobile application.

I suggest a new strategy.

C-3PO

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Page 15: A new hope for employee spend management

Deem Employee Spend Suite

Deem’s all-in-one Employee Spend Suite is a no-brainer for finance

and procurement executives. When provided with a description of the

Deem platform and its tools for managing spend:

May the Force be with you, always.

92% of executives believe Deem would improve their ability to manage employees’ spend;

85% of executives would use Deem;

83% of executives would recommend their company use Deem;

55%of executives believe that a consolidated platform,

like Deem, would completely fix or significantly improve their company’s procurement process.

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Embrace your destiny as the chosen one and “bring balance to The Force” with Deem’sall-in-one platform for employee spend.

TAKE A TEST DRIVE

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©2016 Deem, Inc. All rights reserved. 17