Enterprise expense management: A comprehensive guide for finance teams

Jon Kowieski for Brex

Enterprise expense management: A comprehensive guide for finance teams

For finance teams at large companies, managing expenses involves more than approving reimbursements. Expense management includes controlling costs, ensuring compliance, and maintaining financial visibility at scale across teams and spending categories. Travel and entertainment alone represent the second-largest indirect expense for most companies after payroll, according to Mastercard, making expense management a critical business function.

Enterprises face challenges that make traditional expense processes inadequate. Growing expense volumes, decentralized spending driven by distributed teams, and increasing scrutiny over costs require updated approaches. As a result, modernizing expense man