SAP Concur Outlines Intelligent Spend Management Framework

SAP Concur published an article explaining how intelligent spend management helps organizations achieve business outcomes. The article groups employee-spend business outcomes into three pillars: controls and compliance, spend visibility and management, and employee satisfaction and workforce engagement. It recommends capturing every source and category of spend in a unified view and adopting best practices such as using mobile devices for receipt scanning, leveraging OCR and machine learning to automate invoice data capture, and integrating travel reservations with expense reporting systems.