Unseen corporate spending ‘hits £2.7bn a month’
Leading businesses are unable to identify £2.7 billion worth of expenditure every month until after it has already happened, compromising their ability to manage costs and protect liquidity, it has been claimed. Finance teams in firms with more than 50 employees are struggling to account for a quarter of such expenditure giving them major problems in tracking and managing their outgoings.
Read the full article