SAP Concur Explains What T&E Means and Its Business Impact

A SAP Concur blog explains that T&E stands for travel and expense, a major operational cost. It says T&E expense management is considered the second-most difficult operating cost to control, 80% of organizations still rely on manual processes, and almost 20% of T&E expenses fall outside policy. Knowing real spend can help negotiate lower supplier prices, avoid duplicate or fraudulent expenses, and speed employee reimbursement.