Re-examining Spend Management: SAP Concur Emphasizes Value and Integration

SAP Concur published an article guiding businesses to focus on long-term value over short-term price when selecting spend management solutions. Citing IDC research, it states Concur Travel and Expense customers achieved a 406% three-year ROI and 5.1-month payback, with average annual benefits exceeding $3.1 million. Additionally, after adopting SAP Concur, companies reported 53% less time spent submitting expense reports, a 43% reduction in approval time, and a 19% increase in policy adherence. SAP Concur supports over 54,000 businesses and processes one billion transactions annually.