Point Solutions Are Pointless: The CFOs Guide to Tech Stack Consolidation

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“Many high-growth companies adopt point solutions, but leaders adopt an integrated platform that scales as their needs change. A platform approach replaces your messy network of point solutions with one ecosystem that integrates with your ERP, creating a seamless user experience that connects supplier, AP, payment, and cash management processes in one place. This solution, called a Business Spend Management (BSM) platform, eliminates the problems associated with “band-aid” point solutions by allowing finance leaders to view—and manage—comprehensive spend data in real-time. An end-to-end solution captures everything that comes before, during, and after the direct action of spending money in one place, allowing teams to control spend, cash, and supplier-related activities on one platform. ”