SAP Concur Publishes Guide on Business AI Use Cases in Travel and Expense Management
SAP Concur published a blog on November 25, 2024, outlining business AI use cases in travel and expense management. It cites survey data showing over half of finance leaders plan to invest in business AI, with 61% aiming to improve efficiency, 64% to automate mundane tasks, and 67% to improve forecasting accuracy; 58% of CFOs admit to understanding very little about AI in finance. The article lists specific use cases in accounts payable, travel booking, and expense reporting, and mentions Concur Expense can achieve 5X efficiency, recoup initial investment in 7 months, and deliver a three-year ROI of 628%.