Finance Automation Drives Digital Transformation: Insights from SAP Concur Study
A study commissioned by SAP Concur and conducted by Analysys Mason reveals that finance automation is a key starting point for digital transformation. Surveying finance and IT leaders in seven countries, it found that automated travel and expense solutions improve responsiveness (68%-77%), reduce administrative time (73%-78%), and increase cost savings (70%-76%). Businesses save an average of $52,000 annually on travel/expense and $44,000 on invoice management. The study also highlights manual processes as major pain points, and automation improves employee experience and compliance.
Impact and considerations
Finance automation delivers significant cost savings and efficiency gains, making it a crucial step in digital transformation. Companies should assess current processes and prioritize automation.
Key points
- Automated travel and expense solutions improve responsiveness (68%-77%).
- Reduce administrative time (73%-78%), allowing focus on strategic work.
- Increase cost savings (70%-76%), with average annual savings of $52,000 on travel/expense.
- Invoice management solutions save an average of $44,000 annually.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 1 Sept 2022, 18:37
- Page published
- 14 Aug 2026, 08:30
- Last updated
- 1 Sept 2022, 18:37
- Original links
- SAP Concur Blog：Start Your Digital Transformation Journey with Finance Automation (opens in a new tab)Primary source · en · Published 1 Sept 2022, 18:37