SAP Concur: Why T&E Management is Critical in the Financial Services Industry

A SAP Concur blog post analyzes the importance of travel and expense (T&E) management in the financial services industry. It notes that because employees like relationship managers and financial advisors travel frequently, T&E is a major cost center after personnel costs. The highly regulated nature of the industry requires T&E systems to enhance policy compliance, prevent fraud, and meet regulatory requirements like duty of care. The article recommends cloud-based solutions to enhance data security, reduce costs, and improve employee experience.