SAP Concur: Collaborative HR and Finance Leaders Can Unlock Lasting Business Value
A SAP Concur blog post argues that HR and finance leaders who collaborate can improve data visibility, simplify workflows, and stay flexible. It cites Oxford Economics that nearly a quarter of finance leaders cite lack of visibility into company spending as their biggest challenge, and McKinsey research that 50% of manual work can be automated. EY research shows 41% of collaborating finance and HR leaders experienced 10% EBITDA growth.
Impact and considerations
For business travel and expense management readers, HR-finance collaboration and spend management automation can improve cost control, employee productivity, and strategic decision-making.
Key points
- Nearly a quarter of finance leaders cite lack of visibility into company spending as their biggest challenge.
- McKinsey research says 50% of manual work can be automated.
- 41% of collaborating finance and HR leaders experienced 10% EBITDA growth.
- Deploying HCM and spend management solutions can simplify workflows and optimize staff performance.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 13 Sept 2026, 00:46
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：How Collaborative HR and Finance Leaders Can Unlock Lasting Business Value (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47