The Four Most Difficult Challenges Small and Midsize Businesses Face When Managing Spend
AMI Partners surveyed over 400 financial decision makers at SMBs and identified four top spend management pain points: cumbersome manual processes (69%), difficulty tracking spending trends (60%), incomplete documentation (56%), and lengthy approval/reimbursement cycles. Businesses adopting automated solutions saw higher employee satisfaction, saved hundreds of hours, and reduced costs.
Impact and considerations
Understanding SMB spend management pain points helps businesses evaluate automation investments and improve operational efficiency.
Key points
- 69% of respondents found manual expense, travel, and invoice solutions inefficient.
- 60% of companies found tracking spending trends difficult.
- Automated solutions improve employee satisfaction and reduce costs.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:15
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：The Four Most Difficult Challenges Small and Midsize Businesses Face When Managing Spend (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47