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SAP Concur Blog·· 2022-06-29

Trends Driving the Need for Better Spend Management in SMBs

These Top Trends are Driving the Need for Better Spend Management

AI Overview

AMI Partners surveyed over 400 SMBs and found that businesses automating expense, travel, and invoice management saw the greatest performance boost. Key trends include mobile workforce, multi-supplier invoice processing, and cost reduction pressures. Automation reduces invoice processing time and frees finance staff. 64% of businesses cite reducing operating expenses as a strategic goal.

Source:SAP Concur Blog · concur.com