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.