Digital Transformation of AP Processes in Higher Ed to Meet Pandemic Challenges
SAP Concur blog emphasizes that during the pandemic, higher ed AP teams face pressure from declining enrollments, refunds, and campus closures, making manual invoice processing difficult. Adopting automated solutions like Concur Invoice can centralize payment processing, eliminate manual entry, reimburse students efficiently, pay suppliers on time, and forecast budgets accurately. IDC research shows organizations using it gain average annual benefits of $662,700 and a three-year ROI of 634%.
Impact and considerations
Higher ed finance departments need digital transformation to address pandemic-driven operational challenges.
Key points
- Pandemic intensifies AP processing pressure in higher ed.
- Manual invoice processing is inefficient and error-prone.
- Automated solutions centralize payment processing.
- Eliminate manual data entry.
- Reimburse students and pay suppliers efficiently.
- IDC study shows significant ROI.
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：Transforming AP Processes in Higher Ed to Match the Times and Control Costs (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47