SAP Concur blog post offers four finance resilience strategies for CFOs: controlling costs, building certainty through compliance automation and spend visibility, learning from peers, and aligning finance with business strategy. It notes that 59% of finance leaders are frustrated by lack of spend data visibility and emphasizes measures such as automating invoice processing and centralizing spend data.
A SAP Concur blog post for SMB finance leaders discusses spend management best practices for maintaining business resilience in uncertain economic conditions. Citing an Oxford Economics survey of small businesses, it notes many SMBs adopted some form of digitization, but some remain on manual paper processes or partial automation, leading to workflow roadblocks, spend visibility gaps, and compliance issues. Suggested building blocks of resilience include streamlined processes, clear policies, up-to-date spend visibility, employee support, and cost control. The post states automating expense and AP processes can deliver real-time spend views, eliminate paper receipts, auto-populate expense r…
SAP, in collaboration with Bain & Company, outlines six strategies for building business resilience through digital finance transformation: scenario planning, strengthening working capital, improving spend visibility, finding cost savings, eliminating low-value work, and planning for new ways of working. It emphasizes automating expense and invoice management and integrating with ERP systems to provide real-time data and analytics for cost control, cash flow optimization, and future planning.