Whether you’re a CFO or CEO, IT is likely a foundation of your business. And whether it’s for order management or expense management infrastructure or software, you’ll need a continued focus on IT in 2015. Here are 3 certainties in the IT landscape that you will need to address with your IT department.
With almost weekly security breaches, you’ll need continuous improvement in your IT security, particularly for business travelers who regularly connect to unsecured networks. Hackers will be a never ending threat and will continue to increase their IT knowledge and penetrate unprotected networks.
Multiple (2-step) authentication will provide an initial defense against cybersecurity threats. Setting multiple, dependent steps for access to services and applications will be a requirement across your enterprise even if those service live in the cloud.
The Death of Plastic
With the inherent security risks of credit cards, solutions like Apple Pay and Google Wallet will become more common. In the corporate space, virtual card accounts will be used to help decrease the likelihood of fraud during business travel and streamline expense management.
CFOs should also remain cognizant of world events and markets. Much of security software development is outsourced. A sophisticated software engineer with a nefarious enough influence can assure backdoor access to any software shipped back to the United States.
In 2015, vigilance and proactivity should be daily mantras for CFOs. Good expense reporting software can help you do both.
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Our choice of Chrome River EXPENSE was made in part due to the very user-friendly interface, easy configurability, and the clear commitment to impactful customer service – all aspects in which Chrome River was the clear winner. While Chrome River is not as large as some of the other vendors we considered, we found that to be a benefit and our due diligence showed that it could support us as well as any large players in the space, along with a personalized level of customer care.
We are excited to be able to enforce much more stringent compliance to our expense guidelines and significantly enhance our expense reporting and analytics. By automating these processes, we will be able to free up AP time formerly spent on manual administrative tasks, and enhance the role by being much more strategic.