SAP Concur released a new checklist, Bring the Year in for a Landing, outlining seven steps to save time and improve efficiency at year-end or fiscal year-end, including focusing on priorities, reducing paper processes, automating tasks, integrating technology systems, clarifying T&E policies, enabling mobile work, and outsourcing certain tasks.
The article notes that as spending becomes increasingly decentralized and employees are empowered to make more spending decisions, corporate risk rises, and the burden of managing compliance, internal policy, fraud, and employee safety increases. SAP Concur solutions audit more than one million expense reports per month. Companies using SAP Concur solutions achieved 28% improvement in auditing-staff efficiency, 62% increase in the number of employees following T&E policies, 67% reduction in lost receipts, and $672,000 in savings on business travel per organization.