American Express launches company expense management solutions

New Delhi, July 11: Financial services multinational American Express' (Amex) Indian arm on Wednesday came out with a series of expense management solutions designed to help customers plug leakages in corporate spending, particularly on travel and entertainment expenses.

In a statement here, Amex, which works with over 13,000 small, medium and large sized corporates in India, said there is ample room for ushering in efficiencies in the country in the absence of fully automated processes to monitor expenses.

"With no fully automated processes to catch non-compliance in policies related to expenses, there is ample room for ushering in efficiencies, especially on travel and entertainment spends, which is seen as among the top three controllable expenditures besides salaries and benefits for corporates," it said. (IANS)