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.
SAP Concur article discusses how remote and hybrid work have expanded employee benefits, requiring businesses to manage tax compliance for taxable benefits. Travel spending dropped from 65% in 2019 to 33%, while miscellaneous spending rose. Blue dot analysis found 10-20% of transactions may include taxable benefits. Businesses need automated systems to accurately report taxable benefits and avoid audits and penalties. SAP Concur partners with Blue dot for Concur Benefits Assurance.
The SAP Concur blog discusses challenges faced by higher education finance departments in remote work environments, including unexpected expenses, a surge in invoices and reimbursement requests, and traditional policies that don't fit. The article emphasizes automation, integration, and digitization as key solutions, enabling streamlined workflows, AI-driven auditing, and real-time visibility to control costs and improve compliance.
A SAP Concur blog post emphasizes that amid rising employee turnover, companies should enhance employee experience by automating travel and expense management. It suggests finance and IT leaders collaborate, listen to employee feedback, adopt cloud solutions to streamline processes, and offer flexible work arrangements. Automation enables employees to submit and approve expenses from anywhere, reducing manual work and increasing efficiency. Additionally, companies should show care through gifts, events, and updating policies.
SAP Concur podcast with EY discusses remote work challenges. EY surveyed 16,000 employees in 16 countries: 65% believe hybrid work will increase productivity, 65% say it supports creativity, 54% say it positively impacts problem-solving. 9 in 10 want flexibility in where/when they work; 54% likely to quit if not offered flexibility. Nearly two-thirds want to continue business travel.
Oxford Economics and SAP Concur released the 'Empowering your people' report based on a global survey of finance and IT employees and executives. Six in 10 workers said most employees reevaluated what they value in a workplace, but only 46% of executives think such a pandemic-related rethink took place. Half of executives and employees expect work to be fully or partially remote over the next two years. Nearly 7 in 10 employees say they perform better when they can set their job location and hours, but just 38% say their organization's technology and policies enable flexible work. Only 42% of remote-working employees receive seamless technology. Just 37% of employees are not actively seekin…
SAP Concur blog notes that state and local government finance departments face pressure from reduced funding, increased service demand, and fewer staff. It recommends automating, integrating, and digitizing AP processes to address remote work challenges and improve financial discipline.
A SAP Concur blog post discusses the challenges and opportunities for federal agencies in adopting mobile-first strategies. It cites a Frost and Sullivan study showing almost half of government employees are regularly in remote locations, 55% of agencies allow employees to use personal mobile devices, and the remaining 45% have issued devices. Providing the right tools can increase job satisfaction, speed up decisions, maintain compliance, and improve accuracy. The ConcurGov mobile app allows government employees to complete approximately 85% of travel and expense management needs on the go, including creating and editing vouchers, freeing approvers from office hours.
A SAP Concur blog post shares the experience of creating two online video advertisements during the COVID-19 pandemic. To adhere to health guidelines, the team hired a real family to minimize contact. The production team used digital communication tools like Zoom to collaborate across continents, and director Dave Laden enabled virtual collaboration during the eight-hour shoot. The article aims to show how SAP Concur solutions simplify the remote work environment and share experiences overcoming pandemic challenges.
The article discusses tax implications of post-pandemic remote work. Due to 2020 revenue shortfalls, states may seek to broaden tax bases, including taxing remote work. Tax regulations vary by location, so business and employee tax liabilities may change based on work location. SAP Concur partners like Avalara and EY provide insights, and a new app Travel Ready helps cross-border workers comply.
Digital natives (Millennials and Gen Z) make up 38% of the workforce, projected to rise to 58% in the next decade. Growing up in a 'risk society,' they are untethering from traditional social structures, leading to increased loneliness and anxiety. Employers can adapt by offering remote work, flexible communication, wellness benefits, and growth opportunities to retain talent and boost productivity.
In collaboration with Telegraph Spark, SAP Concur offers five recommendations for post-pandemic recovery: focus on cash flow, learn lessons from the pandemic, address inefficiencies, develop new business models, and look after talent. The article emphasizes digitalization and automation for cost control and remote work.
Part 2 of SAP Concur blog focuses on best practices for returning to the workplace. It references CDC resources and lists practices customers are following: controlling cash flow, expanding T&E programs globally, implementing new remote spend policies, setting further controls and compliance, instituting project codes for COVID-19 expenses, automating AP, and improving WFH employee experience. Emphasizes using CDC tools and automated spend management to address pandemic challenges.
A SAP Concur blog post highlights the impact of the pandemic on SMBs and their resilience. According to an Aberdeen report, 24% of SMBs expect to remain in survival mode in 2021, 29% expect revenue growth, and 57% plan to resume business travel. SAP Concur's expense management solutions helped customers like CAF America and Genevant Sciences adapt to remote work. The article also mentions resources for SMBs, including free trials and partner integrations.
A new survey commissioned by SAP Concur of over 500 finance and administration decision-makers in U.S. higher education and K-12 reveals challenges educational institutions face in remote work environments. The survey found that 38% of decision-makers cite compliance with state and federal reporting policies as a key challenge, and 96% are concerned about failing to comply due to sustained remote work. Technology investment is seen as critical to maintaining operations.
A SAP Concur blog post offers tips for managing productivity while working from home, including setting designated work times, creating a routine, setting rules with family or roommates, communicating reasonable expectations, scheduling regular check-ins, taking regular breaks, and knowing when to switch off. It cites Time data that half an hour of light activity per hour is associated with an estimated 17% lower risk of early death.