SAP Concur: Taking a Global Approach to Capturing Spend Across the Enterprise

A SAP Concur blog post discusses travel and spend management challenges for companies expanding globally or maintaining overseas supplier relationships. Citing the IMF's World Economic Outlook Update, it notes international trade pressures and a plateau in global growth threaten the certainty of global expansion. Common challenges listed include managing multiple complex travel policies and capturing data in outdated or disparate systems; supporting multiple languages, currencies, banking institutions, and financial regulations; under-recovery of VAT by US-based companies sending travelers across borders; compliance with international laws including the Foreign Corrupt Practices Act (FCPA);…