Oxford Economics: Cost-Conscious SMBs Better Leverage Spend Management Platforms

A SAP Concur blog post cites an Oxford Economics study: cost-conscious SMB finance leaders achieve better outcomes while keeping expansion costs in line. The study reports 93% of cost-conscious SMB executives agree they have the right platforms and systems to adapt to their growing organization, versus 79% of less cost-conscious executives. The post notes that as companies grow, discretionary expenses such as travel, expenses, marketing, and office supplies can add up quickly, and intelligent automated technologies can help finance leaders proactively control costs and optimize cash flow.