For those involved in health service finance, there are a number of key challenges which are essential to be overcome to support the smooth operation of services.
According to recent study data gathered by Emburse, four of the highest priority concerns which finance departments and staff must overcome include:
- High operational costs: 30% of organisations still use manual processes
- Uncovering fraudulent spend: 17% of business fraud is through expenses
- Duplicate or late payments: 35% of finance leaders are concerned with cashflow
- Inability to optimise spend: 52% want to improve forecasting and analytics
Through their Certify and Chrome River solutions, Emburse is able to support healthcare providers to overcome many of these common challenges.
A registered vendor on the NHS Shared Business Services (NHS SBS) framework, Emburse’s Chrome River solution is easily accessible to NHS organisations through a OJEU-compliant route, free from often time-consuming formal tendering processes.