This SAP Concur blog post emphasizes the importance of integrating ERP with travel, expense, and accounts payable data to gain full spend visibility and transform data into actionable insights. It highlights two benefits: greater visibility and increased efficiency, and presents SAP Concur's integration options including pre-built integrations, hosted custom solutions, and client web services.
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.
This SAP Concur blog post highlights that manual processes create blind spots in financial data, with 81% of finance leaders lacking complete visibility over T&E and invoice spend. Automation improves visibility, controls the second largest expenditure, speeds supplier payments, and ensures policy compliance. It cites SAP Concur processing nearly 124.6 million expense claims and 58.7 million travel bookings in 2017.