Maycur's article states that expense management in large enterprises needs an organizational perspective, unifying budget, reimbursement, payment, accounting, and archiving into a traceable chain, emphasizing master data governance and system integration.
A SAP Concur blog post cites survey data showing 97% of CFOs say business travel is important to strategy, and 82% expect budgets to increase in 2026. However, 89% say travel managers need to better justify ROI. AI-driven expense fraud is a rising risk: 92% of CFOs believe employees may use AI to falsify receipts, and 60% report fraud is increasing. Cybersecurity is also a financial risk, with 45% ranking data breach as a top travel concern. The article advises finance leaders to establish ROI frameworks, strengthen AI governance, and enhance cybersecurity controls.
SAP Concur blog explains operating expenses (OpEx) definition, categories (fixed vs variable, direct vs indirect), and importance. It emphasizes expense visibility for budgeting, cost optimization, and risk identification, and recommends automated expense management platforms like SAP Concur for efficiency and control.
The article highlights that county governments face complex funding environments and scrutiny, with fragmented spend management creating governance risks. Adopting integrated spend management platforms provides real-time budget visibility, embedded controls, stronger grant oversight, and enhances public trust.
SAP Concur research shows nearly 7 in 10 travel managers say their budget doesn't reflect travel's importance. Leading travel managers are turning data into actionable stories for leadership and adopting AI tools to improve compliance and efficiency. 95% of business travelers are willing to use AI-enabled booking options, and SAP Concur adoption can reduce travel costs by 23%, speed bookings by 19.2%, and increase policy compliance by 28%.
SAP Concur published an article detailing how to create a business financial plan. A financial plan is a forward-looking projection of income and expenses that helps determine cash flow, financing needs, and timing for new initiatives. The article outlines core elements including income statement, balance sheet, personnel plan, business ratios, sales forecasts, cash flow projections, income projections, assets and liabilities, and break-even analysis, and provides four key steps to create a financial plan.
This SAP Concur blog post highlights a report compiling strategies from travel leaders addressing seven challenges, including NDC readiness, budget constraints, employee care, and remote work impact. Examples come from Alkermes, Standard Chartered, ADTRAV, and SAP. Leaders respond by expanding preferred supplier relationships, partnering with HR to create attractive travel programs, and modifying policies for remote work.
A SAP Concur blog post emphasizes that in uncertain times, businesses gain certainty by controlling spending and strengthening compliance. It recommends automated solutions to integrate travel and expense processes, centralize data, adhere to budgets, optimize invoice processes, and improve compliance culture. The article also mentions auditing and intelligent automation to identify non-compliant spending.
SAP Concur blog shares small business growth tips, emphasizing cost control for expansion. Citing a report by SAP Concur and Oxford Economics, 93% of cost-conscious SMB executives agree they have the right platforms and systems to adapt to growth, versus 79% of less cost-conscious executives. SMBs that do not prioritize spending face administrative issues (59%), increased travel and expense reporting (52%), onboarding problems (48%), and digital security challenges (45%).
A SAP Concur blog post recommends that companies review their travel and expense (T&E) program in Q4. It notes that employee spending continues to increase across more categories, more payment methods are used, and spend data is often tracked disparately. T&E expenses account for about 10% of a company's entire budget. The post offers a cheat sheet covering audits, fraud, compliance, and tweaks, and suggests that driving changes mid-year is often more challenging, so assessment should be done before the new year.
SAP Concur offers six tips for managing event and meeting costs: have a solid strategy, view all events holistically, plan ahead, use technology to centralize the process, set aside one-fourth of the budget for unexpected expenses, and track and analyze event spending throughout the year. The post notes event spending covers venues, travel, food, audio-visual and more, and that multiple purchasers can lead to budget overspend.
A survey commissioned by SAP Concur reveals that 88% of U.S. travel managers believe business travel in their industry will increase by the end of 2022. However, nearly four in five (79%) travel managers say their department's FY22 budget and resources are insufficient to meet anticipated travel demand. The survey also found that the travel manager role has become more challenging, with added paperwork, HR tasks, and staffing shortages, but they also feel more empowered to make demands of travel providers than before the pandemic.