How AP Automation Can Help SMBs Gain Better Control Over Spend

SAP Concur blog cites an Oxford Economics report: 82% of businesses with 1,000 or fewer employees identified new gaps in cash flow management tools and finance processes due to COVID-19. 53% say the pace of digital transformation is speeding up. Among those who digitized invoice management, 43% saw increased organizational agility and resiliency, and 25% saw increased visibility into spending and reduced costs. The article recommends AP automation via solutions like Concur Invoice to gain real-time spend visibility, reduce manual errors, and optimize cash flow.