How to Maximize Visibility of Low Level and Travel Spend

A SAP Concur blog post discusses how to maximize visibility of low-level (tail) spend and travel spend by focusing on spend channels. It notes that travel and expense spend is often one of the largest for organizations, typically second behind payroll. Tail spend generally accounts for 20% of a company's total spend but is spread across 80% of suppliers. By using digital technologies to track across all spend channels, companies can create a complete map of committed spend, improving forecasting, cost savings, and compliance.