Why Now is the time to Digitalize How you Manage Company Spend
This SAP Concur blog post emphasizes the importance of digitalizing spend management, noting that automation improves efficiency, productivity, scalability, and cost control. It cites that 90% of CFOs say their top task is preparing for the unexpected, and finance and AP teams save an estimated 134 hours weekly using SAP Concur invoice management solutions.
Impact and considerations
Provides evidence for finance transformation, showing concrete benefits of automation to aid decision-making.
Key points
- 90% of CFOs say their top task is preparing for the unexpected.
- Finance and AP teams save an estimated 134 hours weekly using SAP Concur invoice management solutions.
- Automation covers the entire spend management process from request to payment.
- AI and machine learning detect fraud and non-compliance.
- Digitalization improves data visibility, supporting better decisions.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 21 Mar 2024, 20:46
- Page published
- 14 Aug 2026, 08:16
- Last updated
- 21 Mar 2024, 20:46
- Original links
- SAP Concur Blog：Why Now is the time to Digitalize How you Manage Company Spend (opens in a new tab)Primary source · en · Published 21 Mar 2024, 20:46