SAP Concur Highlights Five Overlooked Spend Management Issues in Business Growth

SAP Concur published an article identifying five spend management issues businesses often overlook during expansion: insufficient preapprovals making future spending hard to forecast; limited audit resources while errors and fraud typically consume 5% of annual revenue; insufficient process automation; big data that is hard to turn into usable insights; and unclaimed VAT refunds in cross-border operations. The article suggests expanding SAP Concur solutions to address these challenges.