SAP Concur Supports Spend Management for Business Expansion
SAP Concur published a blog discussing how its spend management solutions help businesses navigate expansion challenges across multiple regions, currencies, and compliance. The article covers two stages—exploring and embracing expansion—and highlights the importance of automation, data analytics, and compliance tools.
Impact and considerations
For businesses planning or undergoing international expansion, this content offers solutions for spend management, tax compliance, and risk detection, helping finance teams improve efficiency and reduce risks.
Key points
- Expansion forms include M&A (31%), domestic new locations (35%), and international expansion (30%).
- SAP Concur solutions save finance/AP teams an estimated 148 hours per week.
- 38% of businesses say faster processing/payment times is a top benefit of automated vendor invoice management.
- 73% say access to near real-time data and analytics will help them achieve strategic goals.
- 26% of businesses saw increased tax reclaim (e.g., VAT, GST) savings through SAP Concur solutions or partners.
- 42% found non-compliance resulting in time wasted during expense audits was the biggest risk of not using dedicated T&E and invoice automation software.
- 69% of companies believe T&E has improved their ability to make data-driven decisions.
- By 2025, 70% of organizations will use digital adoption solutions across the entire technology stack.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 5 Oct 2023, 18:54
- Page published
- 14 Aug 2026, 08:19
- Last updated
- 5 Oct 2023, 18:54
- Original links
- SAP Concur Blog：Navigating the Path to Expansion with SAP Concur Solutions (opens in a new tab)Primary source · en · Published 5 Oct 2023, 18:54