Is Automation the Overlooked Secret to Small Business Growth?

A SAP Concur blog post argues that process automation is an overlooked key to small-business scaling. It cites an AMI-Partners study of SMB finance decision-makers: 69% reported cumbersome manual processes, 60% struggled to track spending and 56% dealt with missing paperwork. The post says cloud automation improves visibility into spending and cash flow, saves accounting teams 16% of their time (about 40 hours per week on invoice processing), makes expense reporting up to 80% faster for employees and delivers average annual savings of about $34,000.