SAP Concur Launches Budget Tool for Real-Time Visibility and Spend Control

SAP Concur announced Budget, a new solution making budget data visible, near real-time, and actionable. Citing an Oxford Economics report, it says strong profitability and revenue growth are tied to effective cost control. Travel spend has doubled to more than $1.2 trillion in 15 years, and employee-initiated spend is now the second-largest expense in organizations. When spend data is incomplete, inaccurate, or late, budgets mean little, managers cannot be held accountable, and poor visibility leads to poor decisions including company-wide budget freezes. Budget synthesizes data from Expense, Invoice, Purchase Request, and Travel Request into a comprehensive dashboard, with mobile and web d…