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Level Up Spend Management in Aerospace, Defense, and Government Contracting

A SAP Concur blog post argues that aerospace, defense, and government contracting organizations should assess the rushed digital fixes implemented during the pandemic. It cites data showing the T&E spend violation rate skyrocketed 292% from 2019 to 2020, and 90% of decision-makers say there is room to improve how they control spend. Organizations deploying an integrated spend management platform reported $777,000 in annual savings on business travel and expense reporting costs.

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Impact and considerations

A 292% surge in the T&E spend violation rate from 2019 to 2020 indicates significant compliance risk from post-pandemic remote work models. The cited $777,000 in annual savings and 65% more compliant expense reports give aerospace, defense, and government contracting organizations a quantified reference for evaluating…

Key points

  • Aerospace, defense, and government contracting organizations should assess whether the rushed digital fixes implemented during the pandemic are effective.
  • The T&E spend violation rate skyrocketed 292% from 2019 to 2020.
  • 90% of decision-makers say there is room to improve how they control spend.
  • Top priorities for decision-makers include enhancing data accuracy and completeness of metrics (39%) and managing complexity of regulation and compliance policies (36%).
  • Organizations deploying an integrated spend management platform reported $777,000 in annual savings on business travel and expense reporting costs.
  • These organizations also reported 65% more compliant expense reports and 52% fewer errors in reporting expenses.

Sources and time

Primary source
SAP Concur
Other sources
0
First source publication
9 Jul 2022, 00:45
Page published
14 Aug 2026, 08:33
Last updated
9 Jul 2022, 00:45
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