Next-Gen Spend Management Has Arrived – And Just in Time
An SAP Concur article cites an IDC survey, noting that spend accounts for 40-45% of revenue for most companies, yet is difficult to control. 90% of respondents see room for improvement, and 95% plan to invest in intelligent spend management platforms within two years. Intelligent spend management uses AI and machine learning to provide real-time data and control, helping manage travel, expenses, and procurement.
Impact and considerations
Intelligent spend management is crucial for travel and expense control, requiring real-time data to optimize spending decisions.
Key points
- Spend accounts for 40-45% of revenue for most companies.
- 90% of respondents see room to improve spend control.
- 95% plan to invest in intelligent spend management platforms within two years.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 15 Aug 2026, 08:10
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：Next-Gen Spend Management Has Arrived – And Just in Time (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47