Expense management solutions provider NEXSTEP, a complete expense management solution provider, has appointed Ingram Micro Cloud to deliver its cloud-based expense management solution, Expenzing, through the Ingram Micro Cloud Marketplace.
Ila Imani, CEO of NEXSTEP, said, “With spiralling expenses being a concern for companies of all sizes, and risk mitigation being a number one priority, the urgency for expense management solutions is becoming more prominent. In the developed economies these solutions have always been in demand, but in India, with recent rising manpower costs coupled with operations spread over a vast geography, our solutions become key growth enablers.”
Krishnan Jaishankar, senior vice president and managing director, Ingram Micro India said, “Earlier, smart software solutions meant large license costs and implementation costs, which mid-sized companies could hardly afford. Now, with Ingram Micro’s growing portfolio of cloud solutions, and a growing reach in India, we are enabling resellers to adopt the right technology solutions they can trust to support their customers. With Expenzing, Ingram Micro has expanded its cloud portfolio to include the expense management and vendors spend management space. This move will enable our resellers to take advantage of the market opportunity and help their customers to implement a proven expense management solution.”
Historically, expense management and vendor spend management solutions have proliferated in the USA. Now, a sea change is happening in India and other emerging markets, where companies are looking for solutions to streamline expenses and enhance profits. Companies are giving importance to auditability and risk mitigation. Globally, India is already in the Top 10 in Business Travel spend, and companies are feeling the need to reduce expenses.