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Aug 4Mon
  1. SAP Concur Blog

    How Aerospace, Defense, and Government Contractors Manage Compliance Risk with Automation

    A SAP Concur blog post discusses strict compliance requirements aerospace, defense, and government contracting organizations face in spend management. Citing Wakefield Research data, it notes 37% of government contractors say their T&E solution lacks real-time visibility, and 40% say the same for their AP solution. It recommends automated systems to improve compliance, reduce risk, and enhance financial reporting.

Jan 14Tue
  1. SAP Concur Blog

    Digital Transformation in Aerospace, Defense, and Government Contracting: How T&E Modernization Imp…

    A SAP Concur blog post explores digital transformation of travel and expense (T&E) management in the aerospace, defense, and government contracting industry. Research suggests inefficiencies in T&E management can lead to as many as 20% of expense reports being delayed or lost, heightening the risk of triggering Defense Contract Audit Agency (DCAA) audit issues. An IDC report found 90% of decision-makers see room to improve spend controls. The article recommends modern T&E solutions with FedRAMP moderate certification, multi-factor authentication, and encrypted data transmission, and emphasizes change management best practices.

Aug 10Wed
  1. SAP Concur Blog

    SAP Concur: Automated Spend Management and DCAA Compliance for Aerospace and Government Contractors

    SAP Concur published spend management guidance for aerospace, defense, and government contractors, noting they must achieve and maintain DCAA compliance but outdated legacy financial systems make spend visibility, pre-spend control, and compliance enforcement difficult. It recommends modernizing and automating systems, inserting controls at the point of purchase, using AI and machine learning to review expense data, and adopting best practices such as clear T&E policies, ongoing training, pre-spend authorization, policy-built-in online booking tools, and mobile receipt capture.

Aug 9Tue
  1. SAP Concur Blog

    Level Up Spend Management for Transparency and Accountability in Aerospace, Defense, and Government…

    SAP Concur article discusses how aerospace, defense, and government contracting organizations can improve transparency and accountability through digital spend management. Post-pandemic, organizations should evaluate temporary fixes. Spend management platforms provide real-time visibility, budget control, and reduce fraud risk. Data shows T&E violation rates rose 292%. Integrated platforms save costs and improve efficiency.

Jul 9Sat
  1. SAP Concur Blog

    Level Up Spend Management in Aerospace, Defense, and Government Contracting

    A SAP Concur blog post argues that aerospace, defense, and government contracting organizations should assess the rushed digital fixes implemented during the pandemic. It cites data showing the T&E spend violation rate skyrocketed 292% from 2019 to 2020, and 90% of decision-makers say there is room to improve how they control spend. Organizations deploying an integrated spend management platform reported $777,000 in annual savings on business travel and expense reporting costs.

  2. SAP Concur Blog

    Level Up Spend Management to Provide Transparency and Accountability

    SAP Concur article targets aerospace, defense, government contracting, and utilities organizations, emphasizing assessment of pandemic-era digital fixes. Spend management platforms provide real-time visibility, budget control, and improved employee experience. Data shows T&E spend violation rate skyrocketed 292% from 2019 to 2020. 90% of decision-makers say there's room to improve spend control. Adopting integrated platforms can save $777,000 annually on travel and expense reporting, increase compliant reports by 65%, and reduce errors by 52%.

Jun 29Wed
  1. SAP Concur Blog

    SAP Concur: Automating Invoice Payments for Aerospace, Defense, and Government Contracting

    A SAP Concur blog post targets aerospace, defense, and government contracting organizations, promoting Concur Invoice's accounts payable automation. It says automating AP can reduce manual work, stabilize operations, and provide spend visibility during uncertainty; the solution uses SAP Leonardo machine learning, less human validation, and a secure cloud. Teams can capture vendor invoices remotely, managers can approve invoices via the Concur Mobile app, AP teams get near real-time visibility, and users can edit audit thresholds and choose payment vendor options with one click.

  2. SAP Concur Blog

    Automated Expense Management for Aerospace, Defense, and Government Contractors

    SAP Concur says many aerospace, defense, and government contracting (ADG) organizations still use manual, paper-based travel and expense processes, which can frustrate employees, cause costly errors and noncompliance, and raise fraud risk. The sector also faces Defense Contract Audit Agency (DCAA) audit requirements, government oversight, and red tape. SAP Concur offers mobile-friendly travel and expense management, using automation and integration to control employee spend and meet government audit and compliance checks, with ADG packages that include tools to detect fraud and support travelers in emergencies.