Automated Spend Management for Higher Education and K12 Schools

An SAP Concur blog post notes that higher education institutions and K12 schools must comply with a variety of government laws, regulations, and oversight, yet many have multiple outdated, on-premises legacy finance systems containing faculty, staff, and sometimes student spending data. Before this data can be used, it often must be manually combined in a spreadsheet, making it hard for schools to see how money is spent and by whom, review and control spend before it happens, enforce spend policy compliance, spot data patterns hidden across channels or systems, and actively identify and mitigate spend fraud, abuse, and waste. The post recommends modernizing and automating systems to insert…