SAP Concur Outlines Four Tools to Rein in Rogue Spend

A SAP Concur blog post highlights that rogue spend burdens finance teams, with IDC finding roughly 80% of spend managers' time goes to lower-level tasks such as invoice matching, purchase requisition, and vendor management. It recommends rewarding compliant employees (Rocketrip saves an average of 30% on travel expenses), integrating rideshare spend (Uber for Business and Lyft Business save an average of 30% on ground transportation), using financial integrators to connect spend data, and leveraging VAT reclaim solutions (increasing reclaim by up to 50%).