Business Travelers Can Make a Bigger Environmental Impact

A SAP Concur blog post notes that business travel decisions are typically optimized for cost and time efficiency, not environmental sustainability, and many organizations still use paper-based booking and expense processes. IOFM found the average business receives 63% of invoices as paper, and 62% manually handle over 75% of paper invoices. APQC research shows finance workers spend 49% of their time processing transactions. The article recommends digitalization and automation to reduce environmental impact, citing NEC's case: reduced T&E management time by 40% and saved about $1.8 million annually with SAP Concur.