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Jul 18Mon
  1. SAP Concur Blog

    Four Moments that Will Change How You Manage Employee Spend

    A SAP Concur blog post argues that employee spending decisions are both moments of risk and moments of opportunity. It identifies four key moments: turning confusing processes into moments of clarity with intelligent tech, turning regulatory shifts into moments of certainty with spend management solutions, turning spending decisions into moments of accuracy with precise data, and turning frustrating invoices into moments of confidence by simplifying invoice management.

  2. SAP Concur Blog

    Zoom into SaaS Management for Lower Cost and Compliance with Zylo

    A SAP Concur podcast conversation with Zylo co-founder Ben Pippenger discusses SaaS management. The average company spends $65 million annually on SaaS and uses about 323 applications, with nearly 40% going to waste. About 37% of applications are bought by employees via expense reports or P-Cards, accounting for about 7% of overall spend. 55% of applications are misclassified in expense reports.

Jun 29Wed
  2. SAP Concur Blog

    Innovating Through Data: The Best Way to Predict the Future is to Invent It

    The article emphasizes using internal financial data to drive innovation, using advanced analytics to identify spending patterns and adjust T&E policies. Companies often struggle with fragmented data, and employee-initiated spend is siloed. SAP Concur offers solutions to unify all employee-initiated spend data, helping businesses build reporting strategies for better cost control and strategic decisions.

  3. SAP Concur Blog

    Why HR Should Put Employee Spend on Its Radar

    SAP Concur argues employee spend data helps HR address three enterprise risks: duty of care, interstate and global tax compliance, and employee experience. An Oxford Economics study found only 26% of companies feel very or completely effective at managing T&E compliance. The article recommends knowing in advance where employees travel or reside, placing itinerary data into tracking solutions, and connecting travel, expense, and payment data to support risk management and budget decisions.

  4. SAP Concur Blog

    The top five ways in which employees are decentralizing spend

    SAP Concur published a blog post discussing the trends and challenges of employee initiated spend. The article notes that employees are spending more across more categories and using more payment methods, expecting a consumer-like experience. Decentralized spending makes it difficult for finance and procurement teams to manage centrally. Key challenges include: the largest unmanaged spend category, more payment methods, traditional booking channels being insufficient, suppliers rewarding employees directly, and finance departments unable to keep up. The article recommends automating spend processes and connecting all spend data for complete control.

  5. SAP Concur Blog

    What Every CPO Should Know About Employee Spend

    An SAP Concur blog post notes that the pandemic accelerated finance digital transformation and significantly shifted employee spending patterns. In 2020, SAP Concur customers saw a 58% increase in the 'Other' expense category, signaling reduced spend visibility. The article advises CPOs to address three questions: whether travel and expense data are connected, which channels employees use to spend company funds, and how to capture rogue spend outside traditional travel channels. It stresses that procurement executives should not focus solely on cost reduction when renegotiating travel supplier agreements, but must ensure key suppliers are adequately compensated for traveler health efforts.

  6. SAP Concur Blog

    How to Gain Visibility and Control of Employee Spend

    Employee-initiated spend includes not only travel and expense but also other operational spend. Timely expense recognition is critical for financial health. According to GBTA, 37% of hotel reservations and 15% of air bookings are made outside corporate channels, creating 'invisible spend.' SAP Concur's Triplink tool helps capture this spend, improving visibility and control.

  7. SAP Concur Blog

    SAP Concur Advises CFOs to Focus on Employee Spend Management

    SAP Concur published an article advising CFOs to focus on employee spend management. Citing SAP customer data, it notes that many companies saw their expense category 'Other' grow by 58% from 2019 to 2020. The article recommends CFOs ask their teams three questions: whether the travel and expense solution easily connects to other financial systems, whether it makes compliance easy for employees and managers, and whether it tracks rogue spend. It also cites an EIU research report stating almost 75% of US respondents reported an increase in rogue spending by employees.

  8. SAP Concur Blog

    How CFOs Can Manage Out of Control Employee Spend

    An SAP Concur blog post notes that employee-initiated spend has shifted from company control to employee control, causing havoc on managed travel and expense programs. It cites a Phocuswright study showing only 36% of surveyed travelers use their approved corporate booking tool to book hotels, airfare, and rental cars, resulting in significant 'invisible spend.' SAP Concur processed 238 million such transactions worth nearly $109 billion last year. The article advises CFOs to improve spend visibility to save costs, enhance compliance, mitigate fraud, and improve supplier negotiation positions.

  9. SAP Concur Blog

    Why employee spend matters for sales leaders

    The article notes that if administrative processes like expense reports take too long, sales team productivity suffers. Enterprises adopting mobile and digital technologies can accelerate growth potential. Employees expect consumer-like experiences, spend has shifted to 'employee-initiated spend' across multiple payment methods, and disconnected systems hinder accurate budgeting and reporting. Sales leaders should ask how to leverage technology to improve productivity, connect travel and expense data, and identify spending channels.